In order to strengthen the ongoing momentum in domestic production of electronic goods, the government is looking at drafting a new electronics manufacturing policy and as a first step, a consultation with the industry and other stakeholders is slotted for the last week of September.
The new policy will also relook at the incentives which are offered by the government under the existing policy which expires next year. According to a senior official of the ministry of electronics and IT (MEITY), work has already started on new draft. As per media reports, Ajay Kumar, additional secretary, MEITY said that the idea is that we have reached a certain level of momentum, now how do we take off from there.
Kumar added that due to continuous efforts of the last few years, India has already taken a lead in the areas such as mobile manufacturing, automotive, LED and consumer appliances.
Sops under the Modified Special Incentive Package Scheme (M-SIPS), are valid till 2018 and the government will accept new proposals under it till December of 2018, he said. Electronics and IT minister, Ravi Shankar Prasad had first said in July that the government will come out with a new electronics manufacturing policy which will be better aligned to the present times.
