National policy on electronics to be finalised soon: IT minister

The draft National Policy on Electronics 2018 which has undergone wide consultations so far will be finalised and taken up by the cabinet very soon, said IT Minister Ravi Shankar Prasad last week.

The draft National Policy on Electronics 2018 which has undergone wide consultations so far will be finalised and taken up by the cabinet very soon, said IT Minister Ravi Shankar Prasad last week. 
 
He was speaking at the first ever Electronics Summit organised by the Confederation of Indian Industry (CII) in New Delhi on December 14.
 
The government is pushing the country for $1 trillion digital economy. he said, adding "with focus on export-oriented initiatives in electronics, the new policy will help making India a hub of electronics manufacturing to serve domestic and the global markets."
 
The minister said, "Production of hardware manufacturing has increased over three years. This shows that India is capable of producing globally competitive products. Medical electronics, defence electronics and automotive are the three areas that are going to bring excitement in the electronics industry in the coming time."
 
The government has placed electronics manufacturing on high priority with major focus on initiatives such as Digital India, Make in India and supportive FDI policies to bolster electronic manufacturing, Prasad said. The industry must now keep a mass movement approach, in terms of creating more human resources, while also moving from scaling up to skilling the industry, he added.
 
The minister also released the CII report titled “Electronics Manufacturing- A Study Covering Select Countries’ Best Practices and Few Success Stories of Companies in India”.
 
NITI Aayog Vice Chairman Dr Rajiv Kumar, who attended the event, said that electronics is like a sunrise industry for the country. "In next two decades we need to scale the growth to 25-30 per cent. While value addition is important, we also need to scale up, for which export figures and ambitious targets are more important." 
 
As per him, the industry must aspire to become $150 billion industry in the next five years. 
 
Adding further, he said electronics is like the mother industry and not just a vertical. It must now set some time bound targets for the key sectors to scale up its ambitions.

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