Empowering MSMEs with News & Insights

Govt to come out with new National Policy on Electronics in next few months: Sawhney

Updated: Jun 01, 2018 06:20:33am
image

Govt to come out with new National Policy on Electronics in next few months: Sawhney

New Delhi, June 1 (KNN) To boost domestic production of electronics in the country, government is expected to come out with the new National Policy on Electronics in the next couple of months, Electronics and IT Secretary Ajay Prakash Sawhney has said.

He said the policy aims to boost design and innovation along with domestic production.

Addressing at an Assocham event, Sawhney said there is huge opportunity in India for emergence of next generation devices which don't exist at the moment and the new policy will look at encouraging design and innovation for development of innovative products.

"It is quite possible that dominant devices of 2025-30 are not existing today. We must not position India as not only a manufacturing hub but a hub for design innovation and manufacturing. Our policy will make tremendous effort to enable this," Sawhney said.

There is huge scope in India for - medical electronics, automotive electronics, power electronics, defence electronics and government has held wide consultation with industry players and other stakeholders to address their issues, he added.

The first National Policy on Electronics was rolled out in 2012 which offered incentives to companies setting up manufacturing units in the country.

According to data shared by IT Minister Ravi Shankar Prasad, around 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15 and in value terms mobile manufacturing industry produced mobile phones worth Rs 54,000 crore in FY15-16, compared to Rs 18,900 crore in FY14-15, which reached Rs 94,000 crore by the end of 2017 in the country.

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *