Electronics production to cross US$ 33 billion

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Electronics hardware production in the country is expected to grow by 27.6 per cent in 2011-12 and cross US$ 33 billion, reports PTI.

The Economic survey estimates that electronic hardware production, which is vital for strategic and security concerns of the country, will reach a size of around Rs 1217.6 billion with growth of 10 per cent over previous fiscal.

Electronics hardware exports is expected to grow by 12.8 per cent and cross US$ 10 billion in 2011-12 as against US$ 8.86 billion in 2010-11, the survey said.

The government, in the draft National Policy on Electronics (NPE), has estimated that the electronics system design and manufacturing industry will reach a turnover of US$ 400 billion by 2020, involving investment of about US$ 100 billion. This in turn will create employment opportunities for 28 million.

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