National Policy on Electronics aims to employ 28 mn people: Sibal
October 3rd, 2011 - 7:58 pm ICT by IANSNew Delhi, Oct 3 (IANS) The National Policy on Electronics aims at providing employment to around 28 million people, Minister of Communications and Information Technology Kapil Sibal said Monday.
“Information communication technologies and electronics have been contributing significantly to the economic growth of the country,” Sibal said while releasing the draft of the policy.
The policy envisages to achieve an industry turnover of $400 billion from the $55 billion in 2009, Sibal said.
The draft was the first of the three interdependent policies for IT, telecom and electronics, being formulated to promote the sector, he added.
“The proposed national policy of electronics, 2011, envisions creating a globally competitive electronics manufacturing industry including nano electronics to meet the country`s needs and serve the international market,” the ministry said in a statement.
The policy proposes to set up of over 200 electronic manufacturing clusters and upscale high-end human resource creation to 2,500 PhDs annually by 2020 in the sector.
“The draft policy seeks to address the major barriers which include lack of a strong base, an adverse international environment and failure to build an enabling eco-system,” the statement said.
Major features of the draft are:
* Providing attractive fiscal incentives across the value chain of the Electronics Systems and Design Manufacturing (ESDM) sector through modified special incentive package scheme (M-SIPS).
* Setting up of semiconductor wafer fab facilities and its eco-system for design and fabrication of chips and chip components.
* Providing preferential market access for domestically manufactured electronic products including mobile devices, SIM cards with enhanced features.
* Providing incentives for setting up of over 200 electronic manufacturing clusters with world class logistics and infrastructure.
* Creating an “electronic development fund” for promoting innovation, research and development and commercialization in ESDM, nano electronics and IT sectors including providing support for seed capital, venture capital and growth stages of manufacturing.
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Tags: chip components, draft policy, eco system, electronic development, electronic manufacturing, electronic products, electronics systems, fiscal incentives, incentive package, information communication technologies, international environment, kapil sibal, major features, market access, phds, resource creation, semiconductor wafer fab, sim cards, value chain, world class logistics