The new policy will push domestic consumption of IT services to increase the size of the industry Saturday, October 27, 2012: The Department of Electronics and Information Technology (DeitY) has announced that it will come out with a defined timeline...
While the government wants 25-65 per cent value addition in telecom products, industry feels it might be difficult in the current scenario
80 per cent of the project cost will be borne by the government and a consultant will help companies adopt lean manufacturing techniques
While India is already late in realising the importance of electronics manufacturing, Dr Ajay Kumar, joint secretary, Department of Information Technology (DIT) of the Central Ministry of Telecom and IT, Government of India, believes that the nation does stand a chance of becoming a global manufacturing base. “Today, the world is looking at a ‘China plus one strategy’, which will be an advantage for us,” he says. In a conversation with Rahul Chopra of Electronics Bazaar, Dr Kumar speaks about the dire need to strengthen the electronics manufacturing base of the country, and how government initiatives can make this possible.
The fund will promote innovation, IP, R&D, product development, commercialisation of products, etc, in ESDM, nano-electronics and IT sectors
The total outlay of the scheme is Rs 180 million, which will be used for workshops and conferences to boost different verticals in the electronics industry
The scheme provides 80 per cent of the total cost of a project to MSMEs, as well as loans at the rate of just 5 per cent per annum
Will the National Policy on Electronics and the National Manufacturing Policy become strong pillars and support balanced growth across the electronics industry? There have been mixed reactions in the industry
While there is no dearth of government schemes and funds for small and big business enterprises, the government should make a concerted effort to not only market them well but also ensure hassle free procedures so that these schemes are utilised to the maximum