News on Medial

electronics sector: Higher capex need, longer gestation period challenges for electronics sector, govt tells Lok Sabha - The Economic Times

Business InsiderBusiness Insider · 7m ago
electronics sector: Higher capex need, longer gestation period challenges for electronics sector, govt tells Lok Sabha - The Economic Times
Medial

The electronics manufacturing sector in India faces challenges such as high capital expenditure, long gestation periods, and competition with global players. However, the sector is growing at a CAGR of 17%, with a total value of Rs 9.52 lakh crore in fiscal 2024. The export of electronic goods has also increased at a CAGR of over 20%. To overcome these challenges, the government has approved various initiatives and schemes, resulting in significant foreign direct investment. Additionally, the government has revised and expanded the issuance of PLI business visas to enhance ease of doing business in the sector.

Related News

Download the medial app to read full posts, comements and news.