Objectives and Targets:
- Turnover of $400 billion in domestic electronics manufacturing by 2025,
- Promoting ease-of-doing business for the entire Electronic System Design and Manufacturing (ESDM) sector,
- Production of one billion mobile handsets by 2025, valued at $190 billion including export of 600 million mobile handsets valued at $110 billion.
- Push the start-up ecosystem in emerging technology areas such as 5G, Internet of Things, artificial intelligence and machine learning, and their applications in areas such as defence, agriculture, health, smart cities and automation.
- Develop core competencies in all the sub-sectors of electronics, including semiconductors, telecommunication equipment, medical electronics, defence electronics etc.
- Establishing standards setting body in the Ministry of Electronics and Information Technology (MeitY) to develop standards for electronics, IT, e-governance, among others.
Incentives to be provided to industry for expansion of electronics hardware manufacturing:
- Promotion of manufacturing of electronic goods covered under the Information Technology Agreement (ITA-1) of the World Trade Organization;
- Replacing the M-SIPS (Modified Special Incentive Package Scheme) with schemes that are easier to implement such as interest subsidy and credit default guarantee, etc.,
- For supporting both greenfield and brownfield manufacturing clusters, either a new scheme will be formulated or the existing Electronics Manufacturing Clusters (EMC) Scheme will be modified.
