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.
ECS has also pointed out that quality and accurate data for software and services exports remains missing with the Commerce Department not tracking the flows. Goyal assured exporters that the Department would take up the issue with the Reserve Bank of India, which currently tracks it, but does not share it with exporters.
Goyal also said the government was working on identifying select electronic items that could be made in India on a large scale like television sets, closed-circuit TVs and air-conditioners, and can be exported in large quantities.
Vinod Sharma, past chairman, ESC, said while most of the growth in electronics manufacturing has come from the mobile phone industry, traditional industry focussed on components like printed circuit boards and products like inverters and telecom equipment can grow from the current $8 billion to $40 billion if production subsidies are extended to all segments. Sharma also flagged the need to position tariffs so that imported finished products are taxed at 20-30 per cent, parts and components at 10-15 per cent and raw materials at 5-10 per cent after India's existing free trade agreements are reviewed.
“We have to move away from the assembling of finished electronics products domestically to a more vibrant backward integration so that a strong electronic component industry along with finished products grows in India,” said ESC Chairman Sandeep Narula.