Meity Appeals to States For Supplementing Centre’s Electronics Schemes

- Advertisement -
  • Ravi Shankar Prasad, union minister of electronics and information technology, informed that India stands a good opportunity to promote electronics manufacturing
  • The central government of India has recently announced three schemes related to electronics manufacturing worth nearly Rs 50,000 crore

Ravi Shankar Prasad, while appreciating the efforts of all states and UTs in the fight against Covid19, urged the states to work towards attracting investments in their geographies.

The Meity minister pointed towards recently announced Production Linked Incentive 2.0, Electronics Manufacturing Clusters, and Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and appealed to states to supplement these with the schemes announced by respective state governments.

These three recently announced schemes have a project outlay of Rs 50,000 crore. The minister also accepted a suggestion from a State IT Minister for formation of a strategy group comprising representatives from the central government, state governments and private sector to work out a roadmap for the Indian IT and electronics sector post COVID19.

- Advertisement -

India is one of the biggest markets of electronics

India is counted among one of the biggest consumers of electronics in the world. The country, in 2019, had become the second largest consumer of smartphones in the world.

Prime Minister Narendra Modi has recently asked the chief ministers of several states to be ready to attract investments from companies quitting China. A report published in the Times of India states that the Prime Minister indicated towards attracting companies in a call with the heads of states for discussing lifting lockdown in India.

The report, citing a source, quoted PM of India as saying that several companies will explore locations beyond China to set up business. India should work on chalking out a plan to attract these companies. It is to be noted here that China is counted as the electronics manufacturing hub of the world.

- Advertisement -

Most Popular Articles

Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

LEAVE A REPLY

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

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

Important Sectors

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

VinFast Invests $2 Billion In India Expansion

0
Vietnamese electric carmaker VinFast expands across Asia, opening new factories in India and Indonesia, despite challenges in the competitive EV market and slowing global...

Statiq Plans 5,000 New Chargers With Hyundai, ChargeMOD, And GLIDA Partnerships

0
Chargers managed by the partner CPOs will be fully integrated into the Statiq app, providing users with clear visibility and access to an extensive...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...