An underwhelming move towards complete local manufacturing of mobile phones notwithstanding, the Ministry of Electronics and Information Technology is studying the possibility of introducing a phased manufacturing programme (PMP) for items such as LED products, LED and LCD television sets and set-top boxes.
“The intention is to substantially increase value addition within the country. This is being done through appropriate financial and fiscal incentives,” one of the officials said.
Earlier this month, the Union Cabinet granted its clearance to National Policy on Electronics 2019, with an aim to promote domestic manufacturing and export in electronic system design and manufacturing (ESDM) to achieve a turnover of $400 billion by 2025.
Read more of this in a report by Pranav Mukul published in The Indian Express...
