National Policy on Electronics
National Policy on Electronics is formulated by the Government of India to boost India's Electronics Systems and Design Manufacturing industry and improve its share in global market. The policy was drafted in 2011 by the Department of Information Technology of the Ministry of Communication and Information Technology. It is the first of the three policies for IT, Telecom and Electronics released by the government.
Electronic industry, at about $1.75 trillion is one of the largest and fastest growing industry in the world. The demand in Indian market in 2008-09 was $45 billion and is expected to be $400 billion by 2020.
The strategies included in the policy are listed below.
- Provide incentives through Modified Special Incentive Package Scheme (M-SIPS)
- Setting up of Semiconductor Wafer Fabrication facilities
- Preferential market access to domestically manufactured electronic products
- Provide incentives for setting up of 200 Electronic Manufacturing Clusters (EMCs) - setting up of greenfield EMCs and upgradation of brownfield EMCs
- Establish a stable tax regime and market India as a destination to attract investments
- Create a completely secure cyber ecosystem in the country
- Implementation of e-waste (Management and Handling) Rules, 2011
- To set up National Electronic Mission
- "Draft of National Policy on Electronics". Ministry of Communication and Information Technology. Retrieved 4 August 2012.
- "National Electronics Policy for India drafted". India Tech online.
- "National Policy on Electronics, 2011". Ministry of Communication and Information Technology, Government of India. Retrieved 4 August 2012.
- Draft National Plicy on Electronics, GK Today