Domestic electronic manufacturing up Rs 8 trn, semicon import at Rs 1 trn

Indigenous production of electronic goods in the country more than doubled to Rs 8.25 lakh crore in 2022-23 from Rs 3.88 lakh crore in 2017-18, Parliament was informed on Wednesday.

Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that semiconductors worth Rs 1,29,703 crore were imported in 2022-23.

“As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs 3.88 lakh crore (USD 60 Billion) in 2017-18 to Rs 8.25 lakh crore in 2022-23 (USD 101.9 billion) at a Compound Annual Growth Rate (CAGR) of 16.28 per cent,” the minister said.