Government okays Rs 10,000 crore incentive for electronics manufacturing
The Dollar Business Bureau The government's approval of a Rs 10,000 crore incentive by March 2018 for electronics manufacturing in India has brought the industry closer its goal of 'net zero imports' in electronics by 2020. This incentive, the government says, will bring employment to as many as three crore people. Consumer Electronics and Appliances Manufacturer Association (CEAMA) has welcomed the move that is likely to reduce India's dependence on imports for many components required in the manufacture of handsets. The apex body of electronics manufacturers in India has shown its whole hearted support for the 'Make in India' vision through its website. It truly believes that with the right kind of duty cuts and manufacturing incentives, India can become a manufacturing power supplying handsets to its population of a billion people. Currently, the ...
