Tamil Nadu has achieved a record breaking $9.56 billion in electronics exports in FY23-24. That formed nearly 33% of the total national share of electronics exports.
The share of electronics exports have nearly doubled from $5.37 billion in FY22-23. State industries minister Dr TRB Rajaa tweeted that the “electronics sector in the state is just beginning to flex its capabilities” and Tamil Nadu is “racing towards another all-time next year”.
The state’s share of electronics exports is more than double that of Karnataka, which at $4.6 billion and just under 16% national share is number two on the list of top electronics exporting states.
Karnataka is almost neck and neck with Uttar Pradesh which clocked $4.46 billion and captured 15.32% of the electronics export national pie.
Maharashtra, Gujarat and Delhi, with just over $3 billion, $2.75 billion and $1.51 billion occupy the next three positions respectively and with their share of the electronics export pie being –10.62%, 9.43% and 5.18%.
Haryana and Telangana at just over $698 million and $610.62 million are placed next in that order and with 2.4% and 2.1% share.
Electronics is TN’s second biggest export category behind engineering goods which clocked nearly $ 17 billion in exports in FY23-24. Readymade garments at $4.7 billion, cotton yard and fabrics at $2 billion and leather and leather goods at $1.66 billion bring up the top five export categories for the state.
Tamil Nadu’s total exports were worth $43.55 billion in FY23-24 of which electronics and engineering goods comprised nearly 62%. TN is the third biggest exporter state in India after Gujarat ($134.4 billion) and Maharashtra ($67.2 billion).