INDIA'S ELECTRONICS SECTOR ACCELERATES GLOBAL EXPANSION AS FTAS

India is rapidly strengthening its globalelectronics footprint, driven by an ambitious mix of free trade agreements (FTAs), targeted policy interventions, and rising investor confidence, industry leaders told ANI.

- TBG NETWORK

Shiva Srinivasan, MD, MEL Systems & Services Ltd, said India’s ongoing trade negotiations and domestic policy reforms are reshaping the country’s electronics export potential. “The ongoing FTAs will expand the market for us. The government investment in semiconductor parks, logistics modernisations and electronics clusters will help the industry,” he told ANI, referring to India’s negotiations with the EU, ASEAN and Latin America. These developments, he said, will help position India as a rising force in the global value chain. Electronics exports are projected to see a major jump. Srinivasan noted that outbound shipments are expected to increase to 120 billion dollars by March 2026, up from 38 billion dollars in the previous year. The long-term outlook remains even more ambitious, with the government aiming higher. “I think the target by 2030 is to be 500 billion.”