India has to engage with both foreign tech and indigenous<\/strong><\/span><\/h3>\n
\nAt a meeting with the Electronics and Computer Software Export Promotion Council (ECS India), Commerce and Industry Minister Piyush Goyal said that while domestic electronics makers would need to ramp up indigenous research in technology, India would also have to invite technology from abroad as investments.<\/p>\n
Faced with repeated demands for increasing import duties on electronics and increasing export benefits, Goyal stressed that government incentives in the sector, such as the Production-Linked Incentive for Electronics Manufacturing scheme will ultimately have to lead industry to become self-sufficient. While calling upon the electronics hardware sector to use the route of innovation, R&D and disruption to expand its domestic footprint and increase exports, the minister said that industries that are more self-reliant and try to grow without the support of the government have made their mark.<\/p>\n
The minister said depending exclusively on incentives, such as Merchandise Exports from India Scheme (MEIS), may not add to the competitiveness of the products since such schemes are time bound and export competitiveness should come from inherent strengths. Instead, he flagged the example of the information technology sector which has positioned itself as the only logical provider of software exports.<\/p>\n
However, Nalin Kohli, past chairman of ESC said that while India has done well in the export of software and BPO segments, performance in software products, in which world trade is going to rise phenomenally, the track record is not trailblazing. There should be focused attention on segments like artificial intelligence, Internet of Things (IoTs) and cloud computing to tap emerging opportunities, he added.<\/p>\n
\n\u092d\u093e\u0930\u0924 \u0915\u094b \u0926\u0947\u0938\u0940 \u0935 \u0935\u093f\u0926\u0947\u0936\u0940 \u0924\u0915\u0928\u0940\u0915 \u0938\u0947 \u091c\u0941\u095c\u0928\u093e \u0939\u094b\u0917\u093e\u0903 \u092a\u0940\u092f\u0942\u0937 \u0917\u094b\u092f\u0932<\/strong><\/span><\/p>\n
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India has to engage with both foreign tech and indigenous At a meeting with the Electronics and Computer Software Export Promotion Council (ECS India), Commerce and Industry Minister Piyush Goyal said that while domestic electronics makers would need to ramp up indigenous research in technology, India would also have to invite technology from abroad as […]<\/p>","protected":false},"author":1,"featured_media":16177,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[744],"tags":[],"class_list":["post-16176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-august-articles-2020"],"yoast_head":"\n
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