Cabinet approves national policy on electronics
New Delhi, Feb 20 (KNN) The Union Cabinet gave its approval to the National Policy on Electronics 2019 (NPE 2019), proposed by the Ministry of Electronics and Information Technology (MeitY).
The Cabinet approved electronics policy to create a USD 400 billion electronic manufacturing ecosystem by 2025 and generate 1 crore jobs in the country.
"We are targeting USD 400 billion (ecosystem) by 2025. It will give jobs to 1 crore people," Law and IT Minister Ravi Shankar Prasad said after the Cabinet meeting.
The National Electronics Policy 2019 proposes to boost mobile manufacturing in the country to 1 billion units worth USD 190 billion (about Rs 13 lakh crore) of which 600 million units worth USD 110 billion (about Rs 7 lakh crore) will be exported from the country.
The policy envisions positioning India as a global hub for Electronics System Design and Manufacturing - (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.
Under the policy, the government aims to push manufacturing of strategic electronics required by defence and other strategic sector in the country.
The first electronics policy came in 2012. (KNN/JM)