According to the new electronics manufacturing policy being prepared by the ministry of IT and electronics, every state in India is likely to witness a special economic zone (SEZ).
According to a latest DNA Money report, the policy is expected to be ready in the next three months. SEZs are being planned to promote electronics manufacturing besides making India an export hub for small electronics products.
The national electronics policy was last notified in 2012. Even the existing incentive schemes of Modified Special Incentive Package Scheme (MSIPS) and electronics cluster policy were notified in 2012. The funding in schemes such as MSIPs has dried up as the scheme is likely to get expired by end of this year and most of the other existing schemes will lapse by the end of this year. Electronic Development Fund has been one of the other major schemes rolled out by the government towards domestic manufacturing in electronics sector.
A source informed DNA that it is not clear whether existing schemes will get an extension or will be subsumed in the new electronics policy. He stated that the initial plan is to tap consumer countries such as Africa, Europe and other western nations where small electronics products could be exported. The new policy will be in line with Niti Aayog’s strategy paper and the focus will be to make India an export oriented market
