Electronics import by India to touch $300 billion in 3 years

We all know that the electronics industry is booming. The Government of India is also appreciating this industry very well and that’s why it is providing support to foreign manufacturers for importing Electronic items in India. We are in the era where all the electronic items became the essential part of life for each and every person. At this time, the electronics industry has taken skyrocket growth around all over the world. Electronic items made our lifestyle very convenient. Along with the increasing population, there is a very high demand for electronic items in India like Television, Laptops, Mobile phones, Printers, Smart Watches and many more. Apparently, most of the electronic items are imported from China, Japan, and Taiwan to India. In the years 2015-2018, India became the third largest electronic consumer nation. In the year 2017, India became the first country where the utmost numbers of POS machines were imported due to demonetization. From the past decade, China emerged as the top electronic manufacturer country who exports electronic items to India.

As indicated in the reports, there is a high requirement for electronic products that could outrank domestic production, leading to an import requirement of about $300 billion by 2020.

The report pointed out that while demand for electronic products in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 41 percent to reach $400 billion by 2020, domestic production is growing at a CAGR of 27 percent. The number of electronics item importers has been raised 20 percent by 2016. India is the place where business can expand very fast as there are thousands of importers who want to do business on a large scale.

Some guidelines have to be followed by Electronic items manufacturers before importing electronic items to India. All electronic items manufacturers/importers need BIS India registration before import or selling their product in the Indian market. At Brand Liaison, we provide consultancy services for all electronic items manufacturers for irreproachable import in the Indian market. BIS Certificate will be given to only manufacturers or importers. Apart from BIS registration, we endow WPC License for Wireless products and ISI Certification for all product types. Our Allied services include DAS License for MSO and ISP License for MSO. Brand Liaison deals with all types of documentation and formalities regarding the issue of the Registration, Certification, and License.