Ravi Shankar Prasad to meet electronics industry CEOs to discuss sector issues, export ambitions

  • Sep 14, 2019
  • Oil and Gas Press

In line with its push to develop India as an hub for exports, union minister for electronics and IT Ravi Shankar Prasad will chair a rountable with industry captains on Monday. Top executives from firms such as Apple, Samsung and Dell along with component manufactuers such as Wistron are expected to attend the day long meeting, which was earlier scheduled in August this year.

“We will listen to the players on how they now plan to push their manufacturing to a larger scale in India, and bring in supply chain and value addition. We will listen to their suggestions with an open mind,” IT Secretary Ajay Prakash Sawhney told reporters here.

According to the National Electronics Policy 2019, which was approved in February this year, India has set a target of creating a $400 billion electronic manufacturing ecosystem by 2025 which stood at $70 billion in 2018-19.

Sawhney added that government is looking at developing an ecosystem which is looking at prodution which is for more than India. Mobile is one area where we can have a thrust for export, other areas can be LED and lighting products, along with medical, auto, strategic, consumer electronics, he said. The size of mobile phone manufacturing was 29 crore units and Rs 1,70,000 crore in value terms during 2018-19.

The meeting called by Minister for Electronics and IT Ravi Shankar Prasad is expected to see participation of leading players like Vivo, Oppo, Qualcomm, Xiaomi, Dell, HP, Bosch, Cisco, Flextronics, Foxconn, Nokia, LG, and Panasonic. Other participants include Intel, Wistron, and Sterlite Technologies. Representative from industry associations are also expected to be present for the meeting.

ET had reported in August the ministry of electronics and IT (MEITY) has sent a fresh proposal seeking a fresh round of incentives to promote domestic manufacturing in the country with three marquee schemes of the government sunsetting at the end of 2018.

The proposal which has been sent to the ministry of finance has sought interest subsidy for companies investing towards setting up manufacturing facilities in the country along with relief for customary guarantees that have to be provided by firms on plant and machinery. Meity has also asked for the Electronics Manufacturing Cluster (EMC) scheme which ended last year to be renewed.

Sawhney also said that the government is fine-tuning a fresh cluster scheme that would woo anchor manufacturing units with supply chain ecosystem and ancillary firms.


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