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Feb 20, 2019
7:42AM

Cabinet approves National Policy on Electronics 2019

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Union Cabinet today gave its approval to the National Policy on Electronics 2019. 

The Policy envisions positioning India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities for developing core components, including chipsets. 

This will create an enabling environment for the industry to compete globally. 

The policy aims at creating  eco-system for globally competitive ESDM sector and promoting domestic manufacturing and export in the entire value-chain of ESDM.

It will also provide incentives and support for manufacturing of core electronic components and provide special package of incentives for mega projects which are extremely high-tech and entail huge investments. 

Under the policy, suitable schemes and incentive mechanisms will also be formulated  to encourage new units and expansion of existing units.
           
The Cabinet also approved the Implementation of an externally Aided Project namely “National Rural Economic Transformation Project (NRETP) under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) through loan assistance from World Bank. 

The project will enhance the livelihoods promotion and access to finance and scale-up initiatives on digital finance and livelihood interventions.

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