IEEMA Targets over 2X Growth in Electronics Exports within 5 Years

25 Feb 2025 CW Team

The electrical and electronics manufacturing sector in India aims to more than double its exports to $25 billion over the next five years. Currently, the industry exports goods worth approximately $12 billion. The Indian Electrical & Electronics Manufacturers' Association (IEEMA) is focused on expanding market access globally and positioning India as a key hub for electrical and electronics manufacturing.

At Elecrama 2025 in Greater Noida, industry representatives emphasized the growing global interest in India as a reliable energy solutions provider, driven by shifts in the international supply chain. Strengthening export competitiveness requires active participation in international standardization bodies, policy advocacy, and improved financial mechanisms.

IEEMA is collaborating with various stakeholders to enhance quality standards and testing infrastructure within the country. The increasing implementation of quality control orders necessitates better testing facilities to ensure compliance with global standards. Additionally, industry players are encouraged to invest in innovation, skill development, and emerging technologies to align Indian-made products with international benchmarks.

India's energy sector offers significant investment opportunities, supported by the country's ongoing economic growth and industrial expansion. With over 1,000 members, IEEMA represents manufacturers of electrical, industrial electronics, and allied equipment. Elecrama, organized annually by IEEMA, serves as a key platform for industry stakeholders to explore advancements, market trends, and business collaborations.

News source: Businessline

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