GOI aims at Rs 25k crore on electronic manufacturing in 2013

The government has announced that it aims to attract investments of Rs 25,000 crore in the year 2013 for electronics manufacturing in India.

Kapil Sibal, minister of Communications & IT chaired a round table on the Electronics System Design and Manufacturing Sector (ESDM) in this regard with over 50 industry leaders.

The Government has unfolded the new policy framework for creating an ecosystem of Electronics System Design and Manufacturing in the country.

The new policy framework has been specifically formulated to cover sectors like avionics, automotive electronics, medical electronics, LEDs. The government has tried to understand the needs and requirements of these sectors - to be dovetailed with the new policy.

At the round table, Sibal received the first MSIPS application of over Rs 550 crore investment from head of Bosch Electronics India. "We aim at Rs 25000 crore investment in the electronic manufacturing sector in India by end of 2013.

In this regard, I personally will travel to countries like the US, Japan, etc where we will attract investment in the electronic sector through meetings and roadshows," Sibal said.

Equally he referred to the needs of the industry for skilled manpower for various manufacturing needs in the country. He pointed out that we are in the process of developing a scheme to scale up the number of PhDs in the country in the electronics sector, the target being to reach 2500 PhDs per annum by 2020.

According to the new National Policy on Electronics, India can provide export incentives for 10 more years.