Aiming to boost investments in electronics manufacturing in the country, IT Minister Ravi Shankar Prasad will be meeting CEOs of nearly 50 firms on Monday to discuss industry concerns.
“Domestic hardware manufacturing is integral to government’s two important programmes — Make in India and Digital India. Mr. Prasad will be holding a round-table meeting with various electronics industry majors to understand their concerns, listen to suggestions... to ensure a conducive policy environment,” a senior official told The Hindu .
The meeting, for which invitations have been sent to companies such as Apple, Samsung, Xiaomi, Foxconn, Flextronics, HP, Cisco, Nokia and Ericsson, will also focus on ways to boost exports of electronics. Industry associations including Consumer Electronics and Appliances Manufacturers Association, Electronic Industries Association of India, and India Cellular and Electronics Association are also expected to participate.
“The companies have also been requested to share their investment plans as well... The National Electronics 2019, presents a huge opportunity for the companies in this sector to set up and expand their manufacturing base in India,” the official said.
In February this year, the Union Cabinet had approved the National Electronics Policy 2019 aimed at achieving a turnover of $400 billion for the electronics system design and manufacturing sector by the year 2025.
