New Delhi, Sept 28: Electronics component exports have jumped nine per cent to touch Rs 2400 crore in 2002-03, with European Union countries emerging as a major destination for export accounting for 42 per cent of the total exports. In absolute terms, export of electronic components to EU countries have shot up from Rs 677 crore in 2001-02 to Rs 1002 crore in 2002-03, posting an increase of 48 per cent, according to Electronics and Computer Software Export Promotion Council (ESC).
The North American region consisting of Canada and US fell to third position during the year with exports dropping 31 per cent at Rs 405 crore, even as Singapore, Hong Kong and other South Asian countries emerged as the second largest destination with Rs 562 crore worth of exports.
Exports to the South Asian region grew 22 per cent during the year.
Middle East countries occupied the fourth slot with exports accounting for 7.5 per cent of the total exports at Rs 181 crore.
Japan, Korea and other Far East countries were ranked fifth with exports declining nine per cent to Rs 112 crore, it said.
Other destinations for exports were African region (Rs 33 crore), Australia and oceanic countries (Rs 46 crore), Latin America (Rs 18 crore) and Russia and CIS countries (Rs five crore).
Bureau Report