SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 06 Aug, 2020  

Electronics.9.Thmb.jpg DGFT for accelerating exports in electronics, hardware sector

Electronics.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 06 Aug, 2020

The Directorate General of Foreign Trade (DGFT) is focusing on creating more capacities within the country to produce items that can cut down imports and accelerate exports in the electronics and hardware sector, including ventilators.

Speaking at a webinar organised by Electronics and Computer Software Export Promotion Council (ESC), its Director General Amit Yadav said on Wednesday: "Within our set-up, we are consulting the industry and others as to where we should focus to create new capacities to reduce imports and accelerate exports."

He noted the shortage in case of ventilators, adding that the focus now would be more on creating manufacturing capacities and exporting the products.

He added that several other electronics and hardware items are also on the government radar in the healthcare and pharmaceutical sector for augmenting domestic manufacturing and exports.

Yadav said that DGFT was in an overhaul mode and many changes are being introduced to respond to the present challenges.

"By the end of this year, we hope to complete the overhaul, with many changes to be brought about to address the trade barriers and to ensure ease of doing business," he said, adding that no system is perfect and changes and the process of revamping a system is a continuous one since there are a lot of expectations from the DGFT in the changed environs.

The officer also stressed the need for developing an electronic component sector to pave the way for building strong backward and forward linkages.

On the industry's suggestion for a conductive environment to develop the electronics sector, Yadav said that continuous consultations have been held with the industry and other stakeholders to understand the "pain points and to ensure forward and backward integration in the electronics and hardware sector".

"Our efforts are to promote ease of doing business and give exporters all possible help through application of technology," he said.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter