According to the draft electronics policy, the $400 billion turnover shall include targeted production of 1 Billion mobile handsets by 2025, valued at $190 billion (approximately Rs 13 lakh crore), including 600 Million mobile handsets valued at $110 Billion (approximately Rs 7 lakh crore) for export. It also noted that the government plans to end modified special incentive scheme with with schemes that it will find easier to implement such as interest subsidy and credit default guarantee etc.
The draft further indicated that 265 applications with proposed investment of Rs 61,925 crore have been received under M-SIPS as on September 30, 2018, out of which 188 applications with proposed investment of Rs 40,922 crore have been approved and the investment of Rs 8,335 crore has been made by 139 applicants. The policy proposes to push development of core competencies in all the sub-sectors of electronics including electronic components and semiconductors, defence electronics, automotive electronics, industrial electronics, strategic Electronics etc.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
