Rs 50,000 cr worth 3 schemes launched to make India self-sufficient in electronic products
New Delhi/UNI: The government on Tuesday announced three new schemes at a cost of about Rs 50 thousand crore with the aim of making the world's top country in mobile phone production, as well as to speed up the production of electronic products.
Making announcements at a press conference here, Electronics, Information Technology and Communications Minister Ravi Shankar Prasad said manufacturing of electronics products has gained momentum in the last six years and now India has become the second largest mobile phone producing country in the world.
India is targetted to be the top country in the next few years, he said.
''I can state with satisfaction that we have been able to achieve a modest success in 6 years and this gives us a sense of hope,' he said.
Mr Prasad said that to achieve self-sufficiency in the manufacture of electronics products and to set up five world-class and as many national level companies in the country, three new schemes totalling Rs 50,000 core are launched --Production Linked Incentive (PLI) Scheme, Electronics Manufacturing Clusters (EMC) 2.0 and Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS).
They are aimed at boosting the electronics manufacturing in India by further expanding it and increasing domestic value addition, to give high level of employment, and a trusted system of value chain, not just in India but globally.''
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