“It gives me immense pleasure to say that Electronics System Design and Manufacturing (ESDM) industry is poised to become a very vibrant and happening sector. Electronics touches numerous aspects of our life and demand for electronic
products from 1.2 billion Indians is already huge. It will multiply many folds in future. The demand is massive and will be sustained for many decades through higher level of disposable income. This goes without saying that the demand
should be met through domestic manufacturing in India. This will help build local industry and provide employment to youth in India,” Milind Deora, minister of state for communications and IT.
“In consultation with the industry, Government has approved various initiatives for promotion of investment in ESDM sector, particularly the National Policy on Electronics, Modified Special Incentive Package Scheme (MSIPS), Electronics Manufacturing Clusters (EMC) Scheme and policy for providing Preference to Domestically Manufactured Electronic Goods. The Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order will support establishing required quality and safety standards for this sector in India. Several other initiatives are also underway to support creation of right kind of environment for development of a vibrant ecosystem for ESDM sector. Some of the states have also come up with ESDM specific policies and investment initiatives.”
“India has good semiconductor design expertise and large share of global design work is outsourced to India. Government R&D Capabilities augmented with capacities in private sector can create a suitable environment for growth of ESDM industry in India,” he said.
“All this provides a larger opportunity for industry in India to increase domestic value addition in their manufacturing facilities in India and also to set up new manufacturing units. India is now ready for becoming a favoured destination for Electronics System Design and Manufacturing. I invite industry in India and abroad to avail of these policy provisions and take India to its rightful position in this sector,” he said.
