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The Union Government will soon roll out an electronics policy, which would envisage an electronics production target of $400 billion by 2020.
“The policy deliberations are at an advanced stage and hopefully it will be finalised shortly,” Mr J. Satyanaryana, Union IT Secretary, said.
The policy would focus on five areas — creation of eco-system for manufacture of electronics, exports, human resource development, quality standards and cyber security.
Addressing the inaugural of the three-day IndiaSoft 2012 here on Wednesday, he said the new policy would give the same kind of importance to electronics manufacturing sector the software sector got some years ago. “This is aimed at giving a boost to overall exports from the country,” he said.
The policy would stress on manufacture of semi-conductors, creation of manufacturing clusters, identifying IT investment centres for hardware and software development. He said that the proposal to set up IT Investment Regions (ITIRs) across the country too was at an advanced stage of clearance.
Stating that IT industry would cross the $90-billion mark this year, he said that 31 mission modules had been set up to ensure passing on benefits of IT to people. “The Government spending on e-governance is increasing. So far $8 billion has been committed for this purpose. This will generate jobs in the IT sector,” he said.
Mr D.K. Sareen, Executive Director of Electronics and Computer Software Export Promotion Council, said the event attracted 400 foreign delegates and 200 Indian IT exhibitors to discuss and finalise business deals.
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