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NITI Aayog to share roadmap for electronics manufacturing, Global Value Chains tomorrow
Money Control
·
11m ago
Medial
NITI Aayog, a policy think tank in India, will release a report titled 'Electronics: Powering India’s Participation in Global Value Chains' on July 18. The report aims to provide a roadmap for India to become a global hub in electronics manufacturing, focusing on job creation. It highlights the importance of Global Value Chains (GVCs), which involve the fragmentation of production across different countries. GVCs are seen as a powerful driver of productivity, job creation, and better living standards. The report will help India maximize its participation in GVCs by strengthening its electronics manufacturing ecosystem.
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Related News
India Should Target $500 Bn In Electronics Manufacturing By FY30
Inc42
·
11m ago
Medial
The government think tank, NITI Aayog, has set a target of $500 billion for electronics production in India by 2030. This target aims to generate 5.5 to 6 million direct jobs in the country. To achieve this, the think tank suggests implementing fiscal, financial, regulatory, and infrastructure interventions to boost electronics manufacturing. The report also highlights that electronics production in India has already doubled from $48 billion in FY17 to $101 billion in FY23.
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Move beyond Trump’s tariff war: Former Niti Aayog CEO Amitabh Kant warns of a deeper global economic reset
Economic Times
·
2m ago
Medial
Former NITI Aayog CEO Amitabh Kant warns about a profound shift in the global economic landscape beyond headline tariffs. He highlights a reset in global trade amid rising geopolitical tensions, broken supply chains, and a shift from free trade to protectionism, noting the impact of Trump's tariffs. Kant sees the end of post-WWII economic stability as countries like the U.S. and China grapple with new conflicts, presenting India with potential opportunities for strategic supply chain diversification.
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India's electronics manufacturing sector grapples with uncertainty over Trump's tariff threat
Economic Times
·
3m ago
Medial
The article discusses the impact of potential tariff threats by former U.S. President Donald Trump on India’s electronics manufacturing sector. With reciprocal tariffs proposed, Indian exports to the U.S., particularly in electronics and smartphones, face challenges. While Apple and others have expanded manufacturing in India, new tariffs could increase costs and affect competitiveness. Experts suggest India may need to reduce import duties and strategize to maintain its position in global value chains.
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India comes full circuit: Global tech giants set sights on the country for electronics production
Economic Times
·
1y ago
Medial
The article discusses India's efforts to become a global electronics manufacturing hub by attracting component makers to set up operations in the country. Key players like Apple's suppliers Foxconn, Pegatron, Wistron, and Corning have already established or planned manufacturing facilities in India. The focus is on increasing value addition in electronics, expanding component production, and strengthening the supply chain. The COVID-19 pandemic and geopolitical realignments have further accelerated the need for diversification and resilience in global supply chains. This presents an opportunity for India to replace China as a reliable nation for manufacturing and establish itself as a world-class product developer and manufacturer.
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NITI Aayog to come up with model FDI promotion template to enhance ease of doing business in states
Economic Times
·
3d ago
Medial
NITI Aayog is developing a model FDI promotion template to improve states' investment readiness and ease of doing business. A workshop chaired by NITI Aayog member Rajiv Gauba highlighted areas like decriminalizing laws, compliance reduction, and enhancing single window clearance systems. Consistent post-establishment support and effective international outreach were emphasized to attract quality investment. Stakeholders emphasized digitizing state systems, improving fiscal incentives for MSMEs, and enhancing logistics connectivity.
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India needs to strive to be $30T economy with per capita income of $18,000: NITI document
YourStory
·
11m ago
Medial
India aims to become a $30 trillion economy with a per capita income of $18,000 by 2047, according to a paper by NITI Aayog. Titled 'Vision for Viksit Bharat @ 2047: An Approach Paper', it emphasizes the need for India to avoid the middle-income trap. The paper states that achieving high-income status requires sustained growth of 7-10% for 20-30 years. It identifies challenges such as upgrading manufacturing and logistics capabilities and reducing the rural-urban income gap. The goal is to make India a global manufacturing and service hub while ensuring energy security, accessibility, affordability, and sustainability.
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India's iPhone, smartphone exports to US have 20% tariff edge over China after exemption: Industry
Economic Times
·
3m ago
Medial
India's smartphone and electronic exports to the US, including iPhones, will be 20% cheaper than those from China, thanks to US tariff exemptions. This shift, driven by the Trump administration's policy amendments, offers a significant cost advantage for Indian exports. The move provides timely relief to the global tech industry, potentially making India a preferred manufacturing hub. With India’s mobile exports surging, the country stands to benefit from further scaling operations in global electronics value chains.
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DPI platform ‘Niti for States’ to offer key insights to officials
Economic Times
·
1y ago
Medial
The Indian government's policy advisory body, Niti Aayog, is launching a digital knowledge platform called Niti for States. The platform aims to provide a digital public infrastructure for policy and governance, with a focus on enabling better decision-making at all levels of government. It will feature a repository of best practices, policy documents, datasets, and publications across various sectors. The platform will also integrate artificial intelligence to provide contextually relevant insights. Niti Aayog plans to make the platform accessible to all stakeholders, including think tanks and academia. Additionally, a voice-enabled strategy room will be launched to facilitate immersive discussions and decision-making.
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Norms unveiled to fire up electronics parts manufacturing in India
Economic Times
·
2m ago
Medial
The Indian government launched a Rs 23,000-crore scheme to boost electronics components manufacturing, enhancing domestic value in the industry. With applications open from May, the plan aims for India to increase its global electronic market share from 3% to 8% over six years. It seeks Rs 59,350 crore in new investments and 91,600 jobs. The initiative includes incentives for turnover and capital expenditure, vital for expanding India’s electronics ecosystem globally.
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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs
Inc42
·
1y ago
Medial
The report from NITI Aayog suggests several measures to boost exports from micro, small, and medium enterprises (MSMEs) in India. It highlights the need to distinguish between exporter on record (EOR) and seller on record (SOR) for ecommerce exports and recommends a green channel clearance for MSME ecommerce exporters. The report also calls for easing compliance requirements and providing time-bound disbursement of incentives for MSMEs. NITI Aayog emphasizes the significant contribution of MSMEs to employment generation, exports, and overall economic growth in India. They also identify specific sectors such as handicrafts, textiles, ayurveda, and leather goods as export opportunities for Indian MSMEs.
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