India plans to boost manufacturing capacity in telecommunication networks, IT hardware to compete with China
NEW DELHI: India plans to undertake a five-pronged strategy to boost its manufacturing capabilities in telecom networks, IT hardware and electronics, and compete directly with China in this space. The telecom and IT departments share the view that major policy changes to kick-start large scale manufacturing in the country can create as many as 100 million jobs - directly and indirectly - by 2025.
As the first step, the Centre had invited expressions of interest from both technology companies and investors for setting up two semiconductor fabricators in the country, while also outlining a full package of incentives.
As per a confidential note circulated by the DoT, the Union Cabinet is also deliberating four other policy initiatives. These include incentives to companies to set up electronics clusters in towns, forcing all government departments to procure domestically manufactured products with regard to telecom, IT hardware and electronics, setting up an electronics development fund and a National Electronics Mission and also limiting telecom networks import to 20% of the industry's total requirement over an eight-year period.
As the first step, the Centre had invited expressions of interest from both technology companies and investors for setting up two semiconductor fabricators in the country, while also outlining a full package of incentives.
As per a confidential note circulated by the DoT, the Union Cabinet is also deliberating four other policy initiatives. These include incentives to companies to set up electronics clusters in towns, forcing all government departments to procure domestically manufactured products with regard to telecom, IT hardware and electronics, setting up an electronics development fund and a National Electronics Mission and also limiting telecom networks import to 20% of the industry's total requirement over an eight-year period.
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