Government schemes need wide scale promotion

- Advertisement -

By Richa Chakravarty

The government aims to make India an electronics hub by achieving a turnover of US$ 400 billion for the sector by 2020, along with creating employment for 28 million more people. With such mammoth plans under consideration, the government has proactively launched various schemes that range from offering financial support to taking steps to boost indigenous manufacturing.

Designed to infuse greater vitality and give an impetus to the domestic industry in terms of output, employment, exports and instilling technology awareness, various policies and schemes are being introduced from time to time. Various government departments like the Ministry of Micro, Small and Medium Enterprises (MSME), Ministry of New and Renewable Energy (MNRE), Department of Electronics and Information Technology (DeitY), National Small Industries Corporation (NSIC), etc, have several schemes for manufacturers and traders.

- Advertisement -

India’s electronics industry is still at a nascent stage where a lot of handholding and initiatives from the government is required for the industry to flourish. Hence, the government’s effort to launch new schemes with the aim to boost the industry is commendable. However, the industry is unaware of these schemes or the benefits they offer. Despite a number of schemes listed on government websites of different departments, their popularity seems to be negligible. Is this because the government lacks the ability to promote them adequately? Or is it because the industry is not interested in availing the benefits offered by these schemes as the process is cumbersome and lengthy? Let’s analyse some of the reasons why the intended beneficiaries are not enjoying the advantages of the schemes offered.

Reasons for lack of awareness

The objective of such schemes is to improve trade conditions, promote innovation and R&D, reduce manufacturing costs and provide financial assistance. However, all the efforts made by the government are pointless if these benefits go unnoticed by the industry. Here are some of the reasons why industry remains in the dark about these policies and schemes.

Inept promotion: One of the major reasons for the inadequate adoption of the schemes introduced by the government is lack of promotional activities. While the details of the schemes are available on government websites, it is equally important to promote them through various other mediums. Traders and manufacturers who are registered members of trade associations have easy accessibility to relevant information about these schemes, but others have to individually surf through various government websites for relevant information.

Incomplete information: Some of the government websites do list out various schemes, but the complete information is not available. Hence, it is difficult to get all the details regarding the eligibility criteria to avail the benefits, the amount of financial assistance provided by the government (sometimes the percentages and figures given are difficult to understand), the details regarding the submission of online forms, etc. The language used on these government websites is also very complex and does not convey the information in a direct and easy to understand manner.

Difficulties in approaching the right source: As every scheme is headed by different government officials, and no one other than the designated person is allowed to pass on information, even getting to meet the right person in order to learn about the details of the schemes becomes a long and difficult process. Sometimes, one has to meet officials at several levels before getting access to the right person. In short, even accessing basic information is not a smooth process.

Slow process: Though there are various schemes targeting individual traders and manufacturers, the process of availing these benefits is very slow. For those interested, it is advisable to approach the government through an association or a group. Raising concerns or issues collectively seems to elicit a faster response from the bureaucracy than the individual approach.

While the intention of the government to propel the sector forward is appreciable, there are several gaps that need to be bridged. Hence, the government should promote these schemes on a wider scale and make it more approachable for anybody in the industry, particularly the SMEs.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Important Sectors

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

Manufacturing

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...