National Policy on Electronics (India)
India's National Policy on Electronics is formulated by the government of India to boost its electronics systems and design manufacturing industry and improve its global market share. 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 three policies for IT, telecom and electronics released by the government.
The electronics industry, at about $1.75 trillion is one of the largest and fastest growing in the world. The Indian market in 2008-09 was $45 billion and is expected to reach $400 billion by 2020.
The strategies in the policy include:
- Provide incentives through Modified Special Incentive Package Scheme (M-SIPS)
- Set up semiconductor wafer fabrication facilities
- Preferential market access to domestically manufactured electronic products
- Provide incentives for setting up 200 electronic manufacturing clusters (EMCs) including greenfield EMCs and upgrades 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
- Define National Electronic Mission
- "Draft of National Policy on Electronics" (PDF). Ministry of Communication and Information Technology. Retrieved 4 August 2012.
- "National Electronics Policy for India drafted". India Tech online.
- "National Policy on Electronics, 2011" (PDF). Ministry of Communication and Information Technology, Government of India. Retrieved 4 August 2012.