Indian government boosts electronics sector with 'Make in India' initiative

The 'Make in India' initiative is a strategic initiative of the Government of India to promote local manufacturing and strengthen the electronics sector in India. The key facets of this initiative are:

1. Promoting Local Manufacturing : The Indian government is encouraging companies to set up manufacturing facilities in India to develop local manufacturing capacity in the electronics sector. The aim is to reduce the country's dependence on electronics imports.

2. Financial Grants and Incentives : The government offers grants and tax incentives to attract investment in the electronics sector. These include tax breaks, infrastructure subsidies, and research and development grants.

3. Production Linked Incentive (PLI) Scheme : This scheme, launched in 2020, aims to encourage electronics manufacturers to invest in manufacturing in India. It offers incentives based on production performance to boost domestic production and improve competitiveness.

4. Capacity and Workforce Development : Initiatives are being put in place to train and develop local skills in the electronics sector. This includes partnerships with educational institutions to create training programs tailored to the needs of the industry.

5. Improving Infrastructure : The government is investing in developing the infrastructure needed to support electronics manufacturing, such as special economic zones, industrial parks and logistics facilities.

6. Pricing and Regulatory Policies : The government adjusts pricing and regulatory policies to encourage local investment, by imposing taxes on imported products or introducing standards that favor products made in India.

7. Promoting Public‑Private Partnerships : The government is collaborating with private companies to jointly develop projects and attract foreign investment in the electronics sector.

These measures aim to transform India into an electronics manufacturing hub, thereby boosting the economy, creating jobs and strengthening the domestic supply chain.

For more information, visit the official website of Make in India , and the website of the Ministry of Electronics and Information Technology of India MeitY Schemes.