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Govt to push exports of select electronic items: Minister
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SME Times News Bureau | 14 Jul, 2020
As part of the Atmanirbhar Bharat mission, the government plans to push
domestic manufacturing of certain electronic items where India could
quickly build scale and increase exports.
Commerce and Industry
Minister Piyush Goyal said, here on Tuesday, his ministry was looking at
identifying select electronic items that could be manufactured in India
on a large scale, like television sets, close circuit TVs and air
conditioners, and could be exported in large quantities.
While
interacting with members of the Electronics and Computer Software Export
Promotion Council (ESC) through a conference call, the Minister urged
the industry to give specific suggestions regarding such products and
the policy tooling required to make them competitive. The government
would help in creating conducive ecosystem for such products to be
manufactured and exported, he said.
It came as a response to the
ESC suggestion that since focus on mobile handset production has paid
off in terms of increasing exports, several other electronic products
could also deliver similar results with support from the government.
While
calling upon the electronics hardware sector to use the innovation,
R&D and disruption route to expand domestic footprint and raise
exports, Goyal said industries that were more self-reliant and try to
grow without the government support had made their mark. In this regard,
he pointed to IT, ITeS and BPO sectors that had created a formidable
position as a solution provider and exporter.
Depending
exclusively on incentives, such as the Exports from India Scheme (MEIS),
the Minister said might not add to the competitiveness since such
schemes were time-bound and export competitiveness should come from
inherent strengths.
He also underscored the need for joint
industry-government efforts to implement the National Mission on Quantum
Technologies & Applications (NM-QTA), used for engineering
solutions to extremely complex problems in computing, communications,
sensing, chemistry, cryptography, imaging and mechanics.
Referring
to another ESC suggestion that quality and accurate data for software
and services exports must be ensured, Goyal said his ministry would take
up this with the Reserve Bank of India to tone up the process and
procedure of data collation. Some schemes would be put in place to
address this issue soon, he added.
Goyal called upon the industry to bring to the government's notice genuine problems being faced by them.
On
the issue of MSMEs facing problems in availing the recently announced
incentives, he said, "To the best of our knowledge, such schemes are
working well, provided the industry complies with the banks'
requirements; yet in case of any genuine difficulties, if brought to the
notice, timely action will be taken."
The Minister also unveiled
the strategic paper, prepared by ESC for augmenting exports of
electronics hardware and computer software. The papers contain several
proactive suggestions to accelerate exports from these two areas.
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