The Economic Partnership Between India and Taiwan in a Post-ECFA Ecosystem by Joe Thomas Karackattu

Author:Joe Thomas Karackattu
Language: eng
Format: epub
Publisher: Springer India, India

The coming decade is a crucial juncture in India’s IT infrastructure overhaul.18 The Draft National Policy on Electronics, 2011 (hereafter, NPE 2011) has been announced to redress the current imbalance in domestic production of electronic goods.19 Specifically, the demand for the electronic components in India is largely met through imports (60 % approximately), with the share of imports being higher for specialized and precision components like Integrated circuits (ICs), chip components, LEDs, etc. (Elcomos Report 2012, p. 7). Most of this import demand is met from Mainland China, Taiwan, South Korea, Japan and few European countries (Ibid, p. 133).

It is projected that in this sector alone, based on existing trends, domestic production can only cater to one-fourth of the total demand of USD 400 billion in 202020 (remaining would be imports) i.e. a prospective market for USD 300 billion over the coming years. Realization of the target involves investment of approximately USD 100 billion and is expected to generate employment of around 28 million (in India) by 2020.21 NPE 2011 also envisages achieving a turnover of USD 55 billion of chip design and embedded software industry and an export target of USD 80 billion in the sector (see footnote 21). Towards this goal, five key initiatives22 have been identified, viz:a.Setting up a National Electronics Mission (NEM)

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