Tamil Nadu regained the top spot in electronic exports in India
In a significant achievement, Tamil Nadu has reclaimed its position as the leader in electronic exports in India. The state’s electronic exports, valued at USD 5.37 billion in the 2022-23 financial year, now account for a 23% share in the electronics market. This remarkable growth can be attributed to various factors such as the establishment of major manufacturing facilities by Tata Electronics and the implementation of Indian government’s production-linked incentives for electronic manufacturing.
The export data reveals a consistent upward trend in Tamil Nadu’s electronic exports. Despite challenges posed by the pandemic, the state witnessed a growth rate of 1.6% in the 2020-21 financial year, followed by 1.8% in 2021-22. Notably, in the latest fiscal year, 2022-23, the growth rate jumped to an impressive 5.3%. This significant increase in exports has propelled Tamil Nadu to the top spot, surpassing other prominent states like Uttar Pradesh, Karnataka, and Maharashtra.
| Financial Year | Growth Rate (In Percentage) |
| 2020-21 | 1.6% |
| 2021-22 | 1.8% |
| 2022-23 | 5.3% |
Several key factors have contributed to Tamil Nadu’s resurgence in electronic exports. First and foremost, the establishment of major manufacturing facilities by industry giants like Tata Electronics and Pegatron has played a vital role. These investments are part of the China plus one strategy, which aims to diversify supply chains and reduce dependence on a single country. Additionally, the Indian government’s production-linked incentives for electronic manufacturing have incentivized companies to set up or expand their operations in Tamil Nadu.
‘Guidance Tamil Nadu‘, the government’s nodal agency for investment promotion, highlighted the state’s commitment to fostering innovation, attracting investments, and nurturing entrepreneurship in the electronic sector. By actively encouraging research and development, providing support for startups, and promoting skill development programs, Tamil Nadu has created an ecosystem conducive to technological advancements and business growth.
India is often called the Land of Festivals because it celebrates countless festivals throughout the…
Simone Tata, a transformative figure in India’s business landscape and the step-mother of Ratan Tata,…
IndiGo Airlines is one of India’s most popular and trusted airlines. It is known for…
Many countries have different names in different languages. One such country is Germany, which is…
Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…
Jharkhand, a state in eastern India, has a well-developed railway network that connects it to…