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New policy initiatives to promote investment in the Electronics System Design and Manufacturing sector

Shri Kapil Sibal, Union Minister of Communications and IT met Ambassadors and Heads of Chambers of Commerce of Countries which are leaders in the electronics sector here today. He shared the new policy initiatives launched by the Government to promote investment in the Electronics System Design and Manufacturing (ESDM) sector. US, UK, Germany, Belgium, Finland, Sweden, Israel, Korea, Japan, Taiwan were represented. The meeting was also attended by Shri J. Satyanarayana, Secretary, Department of Electronics and IT, Shri M Farooqui, Secretary, Department of Telecommunications, Mr. Ajai Chowdhry, former HCL Infosystems Chairman, and other officials.

Welcoming the delegates, Shri Satyanarayana said, that Government of India is giving special attention to the promotion of Electronics Manufacturing in India. The sector has potential to attract investment of nearly USD 100 Billion over the next decade or so. Government permits 100 per cent FDI through the automatic route for electronics manufacturing. It is with this objective that the Cabinet has approved the National Policy on Electronics (NPE) 2012.

Shri Farqooui, Secretary, DoT explained the recent policy initiatives under the National Telecom Policy, which also encourages investment in manufacturing R&D in the telecom equipment.

Shri Sibal invited these countries to send trade delegations in the electronics sector so that they can get familiar with the new opportunities in the sector and to participate in leading industrial events in the country. He also requested the Ambassadors to identify a nodal officer in their embassies in India to deal with enquiries relating to the electronics sector. He also assured that if there is adequate interest, Department of Electronics and IT would set up country-specific Desks to address investment issues relating to those countries. One such Desk has already been set up for Japan. He also encouraged collaboration between Electronics Sector Skill Council and their counterpart organizations in these counties. Shri Sibal also offered to set up Electronic Manufacturing Cluster which could provide specific social amenities for Korea, Japan and Taiwan, apart from providing industry specific infrastructure. He also emphasized the need for collaboration in R&D and innovation in the field of electronics to develop products which would be customized to the needs of common man. He particularly emphasized the need for developing products in the area of medical electronics, education, green energy and financial inclusion.

The Ambassadors welcomed the policy initiatives and assured full cooperation to create greater awareness in the area of electronics.

Tags: Cabinet of IndiaDepartment of TelecommunicationsGovernmentGovernment of IndiaIndiaJapanNational Policy on ElectronicsTaiwan

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