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India: Strengthening electronics manufacturing

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Sep 09, 2013 10:45

The Government of India recently approved three projects worth INR 200 crore (US$ 30.6 million) under the Electronics Manufacturing Clusters (EMC) scheme. The approved projects include a proposal from Electronic Industries Association of India (ELCINA) for a greenfield cluster at a projected cost of INR 104.48 crore (US$ 16 million) at Khushkhera in Bhiwadi (Rajasthan) and two proposals from the Madhya Pradesh State Electronics Corporation (MPSEDC) estimated at INR 46.46 crore (US$ 7.13 million) and INR 42.92 crore (US$ 6.61 million), Bhopal and Jabalpur respectively. The EMC scheme is part of the Modified Special Incentive Package Scheme under the National Policy on Electronics 2012. An important objective of the National Policy on Electronics is to achieve a turnover of US$ 400 billion by 2020, entailing an investment of around US$ 100 billion and creating 28 million jobs. The recently approved projects and the EMC scheme as a whole aim to encourage growth of the electronics manufacturing sector in India. Developing manufacturing capabilities in the field of electronics should provide India a platform to cater to the rising demand from the domestic market.