1. Providing attractive fiscal incentives across the value chain of the ESDM sector through modified special incentive package scheme (M-SIPS).
2. Setting up of semiconductor wafer fab facilities and its eco-system for design and fabrication of chips and chip components.
3. Providing preferential market access for domestically manufactured electronic products including mobile devices, SIM cards with enhanced features, etc. with special emphasis on Indian products for which IPR reside in India to address strategic and security concerns of the Government consistent with international obligations in procurement.
4. Providing incentives for setting up of over 200 electronic manufacturing clusters with world-class logistics and infrastructure.
5. Creating an Electronic Development Fund for promoting innovation, R&D and commercialisation in ESDM, nano-electronics and IT sectors including providing support for seed capital, venture capital and growth stages of manufacturing.
6. To use innovation and R&D capabilities to develop electronic products catering to domestic needs and conditions at affordable price points.
7. Setting up VLSI (Very Large Scale Integration)-specific incubation centres across the country.
8. Developing an India microprocessor for diverse applications/ strategic needs.
9. Creating a 10-year stable tax regime for the ESDM sector.
10. Setting up a specialised institute for semiconductor chip design.
11. Encouraging greater participation of private sector in human resource development for the sector. Also encouraging setting up of skill-oriented courses for electronic designs along with hands-on laboratories enabling graduates from other disciplines to migrate to ESDM.
12. Developing and mandating standards for electronic products specific to Indian conditions of power, climate, handling etc.
13. Creating linkages for long-term partnership between domestic ESDM industry and strategic sectors like defence, atomic energy and space.
14. Setting up of Centres of Excellence in the area of automotive electronics, avionics and industrial electronics.
15. Adopting best practices in e-waste management.
16. Setting up of a National Electronics Mission with industry participation to advance the implementation of various programmes in this policy.
17. The Department of Information Technology (DIT) to be renamed as Department of Electronics and Information Technology (DeitY) to reflect the desired focus on electronics.
