Indian electronics sector needs $56 billion investment to meet demands
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The electronics sector in India is expecting investments worth $56 billion over the next four years so that it can meet its increasing demand. "We must have an electronics output of $400 billion a year by 2020 to meet domestic demand and generate exports worth $80 billion,"
He also underlined the need to increase the output of electronics sector by $300 billion over the next four years, because of the high demand for strong hi-tech products. As of now, the current electronics demand in India is $100 billion.
To attract more and more investments in the electronics sector, there are several marketing campaigns which are being held across the world, Marwaha added, with a target to match imports and exports and make India a net exporter of electronics goods.
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