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Government’s proposed boost for electronics exports hinges on luring global value chains

Key suggestions in a vision document reveal what the government could do to bolster India’s share in global value chains.

“The primary focus should be on establishing GVCs through FDI (foreign direct investment) within the first three to five years,” read the vision document on increasing India’s electronics exports and share in global value chains (GVC). The document, authored by IKDHVAJ Advisers LLP on behalf of the India Cellular & Electronics Association, was released by the Ministry of Electronics and Information Technology (MeitY) on November 2.  The vision document is the first of a two-part series as per a press release by MeitY, and the second part will touch upon product-wise strategies and forecasts. At the launch, Minister of State Rajeev Chandrasekhar said that the industry’s focus should be on expanding product categories that can serve new geographies and new types of consumers. “We are in a world where hardware plays less of a role in innovation and software plays a more significant role,” Chandrasekhar said. The document is significant in mapping the priorities of the Centre when it comes to the sectors it intends to support through its schemes.   Key recommendations made in the document The report suggested that one of the things that the Union government must keep in mind is that central policies will have a greater impact on GVCs than state governments. Here are some of the key suggestions:  Co-location in GVCs: The report explains that lead firms of a GVC either relocate their investment from China or add incremental capacity in India, they need their existing suppliers from different tiers in the GVC to move with them…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

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