Net zero import by 2020 in electronics sector challenging but feasible: Ajay Shankar
Updated: Dec 04, 2014 02:17:49pm
New Delhi, Dec 4 (KNN) The Government’s vision of reducing our import burden would be key in reducing the fiscal burden, said former Member Secretary, National Manufacturing Competitiveness Council (NMCC), Ajay Shankar, adding that net zero import by 2020 in electronics sector is challenging but feasible.
Addressing a Seminar on “Make in India: Electronics – Substituting Surmounting Imports” organised by the PHD Chamber of Commerce and Industry here yesterday, Shankar said that the Indian Electronic Industry is still at an infant stage and India needs to create an Investment case for itself, according to an official release.
Elaborating on the current framework, he said that Electronic Fund can be a game changer; however the entire ecosystem needs to gear up and be conducive for the benefit of the industry.
According to him, manufacturing as a sector itself is undergoing a transformation. Focus now needs to be on adding value to our products so as to attract investors and availability to critical information that can be used for making an informed decision.
Also speaking on the occasion, Chairman, Task Force on Electronics and Engineering Goods of the Chamber, R P Jhalani talked about Electronic System Design and Manufacturing (ESDM) sector in India and welcomed the initiative taken by DeitY to bring about a more transparent and conducive environment for small businesses. (KNN/ES)
Addressing a Seminar on “Make in India: Electronics – Substituting Surmounting Imports” organised by the PHD Chamber of Commerce and Industry here yesterday, Shankar said that the Indian Electronic Industry is still at an infant stage and India needs to create an Investment case for itself, according to an official release.
Elaborating on the current framework, he said that Electronic Fund can be a game changer; however the entire ecosystem needs to gear up and be conducive for the benefit of the industry.
According to him, manufacturing as a sector itself is undergoing a transformation. Focus now needs to be on adding value to our products so as to attract investors and availability to critical information that can be used for making an informed decision.
Also speaking on the occasion, Chairman, Task Force on Electronics and Engineering Goods of the Chamber, R P Jhalani talked about Electronic System Design and Manufacturing (ESDM) sector in India and welcomed the initiative taken by DeitY to bring about a more transparent and conducive environment for small businesses. (KNN/ES)
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