National Electronics Policy Unveiled: Targets Rs 26 Lakh Crore Make In India Revenue, 100 Crore Mobile Manufactures By 2025
20 Feb 2019 6:30 PM GMT
The national electronic policy puts a big impetus on Make In India
- The Union Cabinet on Tuesday (19 February) approved the National Electronics Policy 2019 which aims to achieve a turnover of Rs 2,600,000 crores ($400 billion) by 2025 via the domestic electronics manufacturing ecosystem.
- The Policy aims to catapult India as a global hub for Electronics System Design and Manufacturing (ESDM) by incentivising and building capabilities in the country for developing core components, including chipsets, and creating an environment for the industry to compete globally.
- Providing incentives and support for manufacturing of core electronic components in India.
- Special focus on Fabless Chip Design Industry, Medical Electronic Devices Industry, Automotive Electronics Industry and Power Electronics for Mobility and Strategic Electronics Industry.
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