Indian electronics sector needs $56 billion investment to meet demands

The electronics sector in India is expecting investments worth $56 billion over the next four years so that it can meet its increasing demand.

"We must have an electronics output of $400 billion a year by 2020 to meet domestic demand and generate exports worth $80 billion," S K Marwaha, director in the Department of Electronics and IT Ministry, told ET.

Indian electronics sector has been allowed 100% FDI, with a 25% subsidy, said Marwaha. He was speaking at 'India Connect' business forum which was organised at the ongoing CommunicAsia2016 exhibition in Singapore.

He also underlined the need to increase the output of electronics sector by $300 billion over the next four years, because of the high demand for strong hi-tech products. As of now, the current electronics demand in India is $100 billion.

To attract more and more investments in the electronics sector, there are several marketing campaigns which are being held across the world, Marwaha added, with a target to match imports and exports and make India a net exporter of electronics goods.

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