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Import of High-Tech Electronics

News and Press Release - Dated:- 10-3-2016 - As mentioned in the National Policy on Electronics (NPE 2012), the demand for electronics in the Indian market is expected to reach USD 400 Billion by 2020. Without intervention, at the current rate of growth, domestic production can cater to a demand of about USD 100 Billion by 2020. While the future is difficult to predict, the value of imports of electronics goods during the period April-December 2015 was USD 31.06 Billion, which is less than the v .....

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turing including chip manufacturing. The scheme provides subsidy for investments in capital expenditure - 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs. 3. Electronics Manufacturing Clusters (EMC) Scheme provides financial assistance for creating world-class infrastructure for electronics manufacturing units. The assistance for the projects for setting up Greenfield Electronics Manufacturing Clusters is 50% of the project cost subject to a ceiling of ₹ 50 Crore f .....

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Electronic Development Fund (EDF) policy has been approved to support Daughter Funds including Early Stage Angel Funds and Venture Funds in the area of Electronics System Design and Manufacturing, Nano-electronics and IT. The supported Daughter Funds will promote innovation, R&D and product development within the country. 6. A meeting of State IT Ministers and State Government Officials was held on 26.08.2014 to encourage them to actively promote electronics manufacturing. Several States hav .....

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nous manufacturing of electronic items. 10. Mandatory compliance to safety standards has been notified for identified Electronic Products with the objective to curb import of sub-standard and unsafe electronics goods. As of now, 30 electronic products are under the ambit of this Order. 11. Government has approved setting up of two semiconductor wafer fabrication (FAB)manufacturing facilities in India. 12. Two Schemes for skill development of 90,000 and 3,28,000 persons, respectively in the elect .....

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