These schemes are expected to contribute significantly to achieving a $1 trillion digital economy and a $ 5 trillion GDP by 2025. Electronics Manufacturing Clusters (EMC) 2.0: EMC 2.0 scheme envisages to create quality infrastructure along with industry specific facilities like Common Facility Centers, Ready Factory Sheds / Plug and Play facilities etc.Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS): The scheme will provide financial incentive of 25% on capital expenditure for the identified list of electronic goods that comprise downstream value chain of electronic products, i.e., electronic components, semiconductor/ display fabrication units, ATMP units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods, all of which involve high value added manufacturing.Production Linked Incentive Scheme (PLI): The scheme is proposed to offer a production linked incentive of 4% to 6% to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing, Marking and Packaging (ATMP) units, IT hardware, networking equipment, White goods (ACs & LED) etc.The Government has launched 3 schemes to support the electronics industry of India namely:
The Government of India has also worked on making the county investor-friendly and has been laying out the red carpet for manufacturing companies.īy 2026, India has laid out a goal of US$300 billion of manufacturing and US$ 120 billion of exports.
The government has committed nearly US$ 17 billion over the next six years across various incentive schemes to grow the industry. The electronics sector of India contributes around 3.4% of the country’s Gross Domestic Product (GDP). India which was importing 90 per cent of its mobile phones till 2014 is now catering to 97 per cent of all mobile phones that are consumed in India. The domestic demand is almost completely being met out of domestic production.
Over 200 units are manufacturing cellular mobile phones and parts / components thereof in the country, up from only 2 units in 2014. India has emerged as the second largest manufacturer of mobile phones in the world. The National Policy on Electronics launched by the Indian Government in 2019, targets $400 billion turnovers by 2025 from domestic manufacturing, setting up clusters for the entire value chain, and employing over 10 million people directly or otherwise to achieve a growth rate of 32 percent. Today India’s production of electronics is estimated at US$ 90 billion and export is estimated to be US$ 23 billion.Īpart from policies like the Make in India initiative, the National Policy on Electronics (NPE) 2019 and Digital India, the Indian government has also backed the sector with the Electronics Development Fund (EDF), the Modified Special Incentive Package Scheme (MSIPS), the Phased Manufacturing Programme (PMP), Preferential Market Access (PMA), and by rationalising the duty structure. These initiatives encourage domestic manufacturing and exports across the electronics system design and manufacturing (ESDM) value chain. The government of India is focusing on manufacturing electronics hardware within India, which seems to be the conceptual origin for both the Make in India and the Digital India programmes. The government’s support for the electronics industry has been strong, with numerous conducive policies. Indian Electronics Industry And Prospects: Electronics Industry HighlightsĮlectronics industry is the world’s largest and fastest growing industry and is increasingly finding application in all sectors of the economy.
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