Self-Laminating Cable Labels Market Demand, Cost Structures, Growth Rate, and Forecasts 2028 – Haber Radikal
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May 03, 2021, 16:19 IST
Exports of electronics worth Rs 761 crore in 2020–21
Employment generated for 23 thousand people
AMARAVATI: The state of Andhra Pradesh is all set to be the new Electronics hub in the country. As per reports, the State-IT and electronics industry estimates that the market value of the state s electronics manufacturing industry has touched Rs 30,000 crore in the 2020–21 financial year. During the same financial period, the State exported electronic goods worth Rs 761.76 crore, according to Commerce Ministry data. This is an increase of 18.37 per cent over exports of Rs 643.49 crore in the year 2019-20.
For the development of the electronics industry, the State government is developing Electronic Manufacturing Clusters (EMCs) on a large scale, across the State especially to attract the electronics industry. With the new laws and ease of establishing industries, electronic companies are coming forward to make large scale investments. Currently, our
Parliamentary Standing Committee on Commerce for FTA renegotiation with Japan, Korea, Asean
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“India’s concession to the ASEAN has been far in excess than concessions granted to India,” it said and suggested periodic compliance assessment to be carried out for Rules of Origin to arrest market access at concessional tariffs for non-FTA countries besides mandatory domestic content labelling requirement across the value chain.
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For the electronics sector, it asked the government to provide protection to the domestic industry till the time it is competent enough to compete with global manufacturers.
NEW DELHI: The Parliamentary Standing Committee on Commerce on Wednesday suggested renegotiation India’s Free Trade Agreements with ASEAN, Japan and South Korea to ensure reciprocity in steel sector. Until this is carried out, concessional tariffs with these countries should be suspended, it said.
Union Budget 2021: Corporate India seeks clarity on taxes for digital businesses Technology has been at the sectoral forefront in driving India’s growth and is likely to play a major role in achieving stability after the pandemic. Ravi Mahajan January 26, 2021 14:06:23 IST Representational image. Reuters
Addressing the recent CII Partnership Summit 2020, Finance Minister Nirmala Sitharaman called for inputs and the wishlist for 2021 Union Budget. Highlighting that the Budget is in the unprecedented backdrop of the COVID-19 pandemic and that India has potential as an engine of global growth, she stated that India will be a significant contributor to global economic revival.
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