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20-Feb2019

Govt approves new national electronic policy 2019

With an aim to increase electronic manufacturing ecosystem in country, the government has approved a new National Electronic Policy 2019.  The objective of new electronics policy is to create a $400 billion electronic manufacturing ecosystem by 2025 and generate 1 crore jobs in the country. The Policy also aims at promoting ease-of-doing business for the electronic system design and manufacturing (ESDM) sector, and also encouraging industry-led research and development and innovation in all sub-sectors of electronics.

Moreover, it aims to push the startup ecosystem in emerging technology areas, such as 5G, IoT, artificial intelligence and machine learning, and their applications in areas like defence, agriculture, health, smart cities and automation. The electronics production growth rate was 5.5% in 2015. In 2017-18, it rose to 26.7%. In 2012-13, India's share in global electronics production was 1.31% and has gone up to 3%.

Besides, the Policy 2019 proposes to boost mobile manufacturing in the country to 1 billion units worth $190 billion (about Rs 13 lakh crore) of which 600 million units worth $110 billion (about Rs 7 lakh crore) will be exported from the country.


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