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Electrical Equip. /Consumer Electronics

Electronics manufacturing in India to grow 30% annually for next 5 years: IT Secretary

The government is expecting electronics manufacturing in the country to register an annual growth rate of 30 % over the next five years and clock Rs 11.5 lakh crore (€135 billion) additional production during this period, electronics and IT secretary Ajay Prakash Sawhney. Also, the exports of electronic products will grow in the range of 40-50 % annually over the next five years, he added. "Electronics manufacturing in India has been growing quite significantly. We have registered 23 % cumulative annual rate of growth over past five years. Now in this journey the growth is expected to be 30% year on year for next five years," official said at the Invest India Exclusive Investment Forum - Japan Edition.