Chip imports from China up 53% in last 3 financial years: MoS IT Rajeev Chandrasekhar

Global semiconductor chip imports elevated by 92% over the past three monetary years, whereas these from China elevated by 53%, confirmed knowledge introduced by the minister of state for electronics and data expertise (MoS IT) Rajeev Chandrasekhar in Rajya Sabha .

Total semiconductor chip imports elevated from Rs 67,497 crore in 2020-21 to Rs 129,703 crore in 2022-23, Chandrasekhar mentioned in his written response to a query by MP Abir Ranjan Biswas, citing knowledge from the Directorate General of Commercial Intelligence & Statistics (DGCIS) portal.

The knowledge additionally confirmed that such imports from China elevated from Rs 24,604 crore to Rs 37,681 crore over the identical interval.

These imports are at nil primary customized responsibility, the minister mentioned, as India is a signatory to the Information Technology Agreement (ITA-1) of the World Trade Organisation, which covers most digital elements, together with semiconductor built-in circuits (chips).

The “Monolithic integrated circuits – digital” class made up the best proportion of the imports from the world, in addition to from China, valuing at Rs 82,283 crore completely in 2022-23. Of this, imports price Rs 30,960 crore are from China

This was adopted by “Memories”, which noticed imports of Rs 22,845 crore completely, of which Rs 2,589 crore was from China.

“Amplifiers” noticed Rs 2,811 crore in world imports in 2022-23, of which Rs 639 crore was from China.

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