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Electronics imports rise by 26% Rs 26,757 Cr, exports fall by 10% in January

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In the month of January, India’s electronics imports rose by 26% and reached Rs 26,757.59 crore and reaching Rs 3,162.73 crore, the exports fell by 10%, said by an estimation made by the ministry of Commerce.

In January 2016, the electronics exports were at Rs 3,526.13 and imports were at Rs 21,220 crore. Because the Indian electronic manufacture is happening with low-value addition, the imports saw a sharp rise.

In India, the value addition in good manufactured is low and to meet local demand even manufacturing is not at the scale. Products like mobile phones, telecom equipment, and the demand have been rising and the main reason for the rising in imports as most of the parts used in them are imported. To the import, we feel that a large number of imports of PoS machine may have added to capitalise on demand. To curb imports, Government needs to focus on increasing value addition, said by the general secretary, ELCINA (Electronic Industries Association of India), Rajoo Goel.

The representative of Indian Cellular Association (ICA) talked about manufacturing happening locally but to be pushed by the centre, the lack of value addition in the local manufacture which needs.

As per commitment, in the country, we are on track to meet mobile phone production. in India, the total value of mobile phone to be produced In 2016-¬17 is likely to reach Rs 90,000 crore from Rs 54,000 crore in 2015-¬16. The government needs to stick to its commitment to curb imports of phased manufacturing programme which will lead to increase in local value addition, said by ICA National President, Pankaj Mohindroo.

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