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Rediff News  All News  » Business » IT exports touch Rs 8,000 cr in FY05

IT exports touch Rs 8,000 cr in FY05

July 04, 2005 17:50 IST

Electronics and hardware exports clocked year-on-year growth of 3.90 per cent to touch Rs 8,000 crore (Rs 80 billion) this fiscal, Electronics and Computer Software Export Promotion Council said on Monday.

The growth of hardware and electronics exports in dollar terms was 6.44 per cent in 2004-05 to $1.78 billion.

"Highlight of the year's performance was accelerated growth in exports of telecom equipment and consumer electronics," D K Sareen, executive director at ESC, said.

Export of telecom equipment and cables increased by 112 per cent to Rs 350 crore (Rs 3.5 billion) in the last fiscal.

Electronic component exports accounted for 47.5 per cent of the exports last fiscal. In absolute terms, export of electronic components has increased to Rs 3,800 crore (Rs 38 billion), registering a marginal growth of 1.20 per cent.

"The lacklustre performance of the electronic components is very closely looked into to identify the reasons. Our belief is that it could be a freak phenomenon. We expect that export of electronic components will pick up considerably in the current fiscal," he said.

Export of consumer electronics increased 39.39 per cent to Rs 1,150 crore (Rs 11.5 billion) and accounted for 14 per cent of the pie.

Export of instruments/OE/ME and computer hardware, however, registered a decline in 2004-05. In the case of instruments, decline was 0.99 per cent to Rs 1,500 crore (Rs 15 billion) while in the case of computer hardware, the fall was 16.67 per cent to Rs 1,200 crore (Rs 12 billion).

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