- Initiatives like Make in India, Digital India and Startup India have given the much-needed thrust to the Electronics System Design and Manufacturing (ESDM) sector in India. Moreover, the government’s endeavors such as Modified Special Incentive Scheme (M-SIPS), Electronics Manufacturing Clusters, Electronics Development Fund and National Policy on Electronics 2019 (NPE 2019) have been a huge success.
- As a result, India has shown remarkable progress in the sector, India’s production of electronics has increased from USD 29 Bn in 2014 to USD 70 Bn in 2019. From a country that had only two mobile phone manufacturing facilities in 2014, India now stands as the second-largest mobile phone manufacturer in the world.
- To further strengthen the ESDM ecosystem with a complete value chain and position India as the global hub for ESDM, the following schemes have been notified by the Ministry of Electronics and Information Technology (MeitY):
- Production Linked Incentive Scheme (PLI)
- Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
- Modified Electronics Manufacturing Clusters Scheme (EMC 2.0)