The Export-Import Bank of India (Exim Bank) has done an analysis of the potential of hi-tech exports from India and has brought about a publication, ‘India’s Hi-Tech Exports: Potential Markets and Key Policy Interventions’. Rajeev Kher, union commerce secretary, release the publication at the 4th CII Export Summit in New Delhi. The study observes that hi-tech exports from India have been witnessing a significant CAGR of 26% during the period 2007-2011, with exports having touched $20.9 billion as compared to $8.1 billion in 2007. Pharmaceuticals and electronic goods sectors dominate exports of high-tech products, with the share of electronics in hi-tech exports almost doubling during the 2007-2011 period. The paradox of heightened demand (both in domestic and export markets) and lagging production, signifies avenues for domestic capacity expansion. This will not only lead to augmenting exports but also reduce the country’s dependence on high-tech imports, thereby rendering the country’s trade deficit more manageable. The study also elucidates select measures that may be considered to enhance hi-tech exports from India. Seen at the launch of the publication are Rajeev Kher (second from left), David Rasquinha, ED, Exim Bank (middle), Sanjay Budhia, MD, Patton Group (second from right), S Prahalathan, CGM, Exim Bank (extreme right) and Chandrajit Banerjee Director General, CII (extreme left).
