Tuesday, December 09, 2014: While addressing a seminar on Make in India: Electronics- Substituting Surmounting Imports under aegis of PHD Chamber of Commerce and Industry, Ajay Shankar, the former Member Secretary, NMCC said that the key in reducing the fiscal burden would be to take forward PM Narendra Modi’s Make in India vision for the electronic industry in India.
He added that the Indian electronic industry is still at an infant stage, thus the country needs to build an investment case for itself. While talking about the current framework, he said that Electronic Fund can be a very helpful for the industry to grow faster. He even noted that the entire ecosystem of the industry requires to gear up for the progressive growth.
He mentioned that the manufacturing sector in itself is undergoing a transformation. The manufacturers here now need to emphasis over adding value to their products in a way to attract the investors and also to facilitate the availability of detailed information which may be required for making an informed decision.
While R P Jhalani, chairman at Task Force on Electronics & Engineering Goods of the Chamber welcomed the initiative adopted by DeitY to develop a more transparent and conducive environment for small businesses while talking about the Electronic System Design and Manufacturing (ESDM) sector in India.