Public Procurement Policy for electronic products on the anvil, hints DIPP Secy

Bengaluru, Feb 16 (KNN) Central Government is planning to come up with a public procurement policy for electronic products in the country to boost their manufacturing.

While addressing at the Make in India – Karnataka conference in Bengaluru earlier this week, Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, said a recommendation has been made to come up with a policy for both state and central level procurement.

He said that 30 percent value addition will be mandatory for such products.

Abhishek said the government is working on an export-oriented policy for electronic products to encourage exports and drive investment in the sector.

The electronics market in India is expected to touch USD 400 billion by 2020.

During his address, Abhishek noted that the Make in India initiative had brought Central and state governments together irrespective of party differences, to contribute to the growth of the manufacturing sector.

“Foreign capital and domestic capital supplement each other. For us, it is not a question of foreign capital or domestic capital. Regardless of where the capital comes from, we want an easy climate for investment and speedy approval,” said Abhishek, stressing that the government’s role was predominantly that of an enabler.