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Context: India is likely to achieve electronics production of $300 billion by 2026 according to a vision document released by the Ministry of Electronics and IT (MeitY). About
Key Challenge
Key Recommendations
Electronic sector in India
Key Potential
Market Size
Government Initiatives
As per Union Budget 2021-22, the Ministry of Electronics and Information Technology (MeitY) has been allocated Rs. 9,720.66 crore (US$ 1.33 billion).
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS): It helps offset the disability for domestic manufacturing of electronic components and semiconductors to strengthen the electronics manufacturing ecosystem in the country.
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme: The EMC 2.0 Scheme provides financial assistance for the setting up of both EMC projects and Common Facility Centres (CFCs) across the country. The Scheme is open for receipt of applications for 3 years from the date of notification. A further period of 5 years is available for disbursement of funds to the approved projects.
By: Shubham Tiwari ProfileResourcesReport error
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