The developments in components industry have been driven mainly by growth in consumer electronics sector. The serviceable market for professional grade components such as PCBs, semiconductor devices, connectors, wound components, antennas, etc. is likely to go up due to indigenous manufacture of mobile phones, set top boxes,DVD players, etc. Most of the top global semiconductor companies have set up their chip design centres in India. With the introduction of SIPS, it is expected that chip manufacturing may start in the near future. This would lead to the establishment of complete eco system in this area in the country.
PRODUCTION OF ELECTRONICS COMPONENTS
Production of electronics components during the year 2008-09 registered a growth of 14.23 percent over the year 2007-08. In value terms Production of electronics components is estimated to be Rs. 11000 crore ( US$ 2392 million) during 2008-09.
EXPORT OF ELECTRONICS COMPONENTS
Export of Electronics Components registered a growth of 72.13 percent (50.68 percent in US$ terms) during the year 2008-09 over the year 2007-08. In value terms, export of electronics components increased from Rs. 6100 crore (US$ 1515 million) estimated in 2007-08 to Rs. 10500 crore (US$ 2283 million) in the year 2008-09.
TOP ITEMS OF ELECTRONICS COMPONENTS EXPORT
Solar Cells have emerged as the top item of export during 2008-09. Export of solar cells registered a growth of 149 percent (118 percent in US$ terms) during 2008-09 over 2007- 08. In value terms, export of solar cells during 2008-09 is estimated to be Rs. 2606 crore (US$ 566 million) up from Rs. 1047 crore (US$ 260 million) estimated in 2007-08. Parts of switches is the second top item of electronic components exports from India during 2008-09. Export of this item increased from Rs. 1409 crore ( US$ 350 million) estimated in 2007-08 to Rs. 2336 crore (US$ 508 million) in the year 2008-09. Other major items of export under electronic components during 2008-09 are transformers, parts of photocopying machines, PCBs, LEDs etc.
MAJOR DESTINATIONS OF ELECTRONIC COMPONENTS EXPORT DURING 2008-09.
EU countries and North America remains the top two destinations for Indias Electronics components export during the year 2007-08 as well. Export to Middle East countries registered a very high growth of 160 percent (128 percent in US$ terms) during 2008-09 over the year 2007-08. In value terms export of Electronic component to Middle East countries during the year 2008-09 is estimated to be Rs. 1302 crore (US$ 283 million) up from Rs. 500 crore (US$ 124 million) estimated in the year 2007-08. Export to Singapore, Hong Kong and other South Asian countries and Latin America registered decline. Export to Africa, Far East countries, Non EU Countries, Oceanic countries and CIS Countries registered growth.