Comments
Minister of Electronics and IT Ravi Shankar Prasad will meet with the chiefs of 46 companies involved in electronics manufacturing, including Apple, Samsung, Xiaomi Dell, HP, Lenovo, Ericsson, GE and Bosch, to understand their concerns and ensure a conducive policy environment for the industry.
According to sources in the know, the meeting will be held on Monday (August 19) and will also be attended by the Heads of industry associations such as the Consumer Electronics & Appliances Manufacturers Association (CEAMA), the Electronic Industries Association of India (ELCINA), the Indian Cellular & Electronics Association (ICEA) and the Manufacturers Association for Information Technology (MAIT).
“The Minister is keen to understand the concerns of various electronics majors, listen to suggestions and walk the path together to ensure a conducive policy environment for the electronics industry in India,” a government official said.
The government attaches high priority to domestic electronics hardware manufacturing and it is one of the important pillars of both “Make in India” and “Digital India” programmes of the government, the official said.
The Cabinet has already approved a new electronics policy – National Policy on Electronics 2019 (NPE 2019) earlier this year – that aims to create a $400-billion electronic manufacturing ecosystem by 2025 and generate one crore jobs in the country. Under the policy, the government also aims to push manufacturing of strategic electronics required by Defence and other strategic sectors in the country.
Mobile manufacturing
The policy proposes to boost mobile manufacturing in the country to one-billion units worth $190 billion of which 600 million units worth $110 billion will be exported.
The demand for electronics in India is growing exponentially and is estimated to reach $400 billion by 2025.
This has created an opportunity for new investments in electronics manufacturing and the associated supply chain, not only to tap the growing domestic demand but also exports.
The implementation of several schemes and initiatives for promotion of electronics hardware manufacturing under the aegis of National Policy on Electronics 2012 (NPE 2012) and efforts of the industry, India’s electronics production has increased from $29 billion in 2014-15 to $70 billion in 2018-19, at a Compound Annual Growth Rate of about 25 per cent during the last four years, the sources said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.