Today’s announcement by The government on the schemes to boost electronic manufacturing in India had been
in the works for almost 2-3 months and we applaud this initiative which is
officially active now. MAIT is delighted with the introduction of this policy,
the formulation of which was deliberated aggressively with the stakeholders.
The mobile manufacturing industry
is very positive about the move and this scheme will help meet the targets
under NPE 2019. This will certainly lead to companies moving their supply
chains to India. To increase job creation, component manufacturing needs to
be moved too. This will not only spur manufacturing but will make India an
export-led global manufacturing hub for mobile phones.
Also, it is imperative that the
government bring the major electronics ecosystem on board through these
schemes. The interruption in the global supply chain due to the pandemic gives
India an opportunity to increase export-led manufacturing and broadening the
scope of PLI to all other major sectors of electronics such as Consumer
electronics, ICT, CPE products, Computers, Medical Electronics, etc. will be a