India's draft electronics policy sets $400 billion annual turnover by 2020
03 Oct 2011
India's draft National Policy on Electronics, 2011, aims at achieving a turnover of about $400 billion by 2020, involving investment of about $100 billion. It also aims at ensuring employment to around 28 million in the sector by 2020.
The policy draft envisions creating a globally competitive electronics systems and design manufacturing (ESDM) industry in the country, including nano-electronics, to meet the country's needs and to serve the international market.
Against a production level of $20 billion in 2009, the draft electronics policy envisions a quantum jump in production levels, including achieving a turnover of $55 billion of chip design and embedded software industry and 480 billion of exports in the sector.
The government proposes to set up over 200 electronic manufacturing clusters towards achieving this.
The draft policy also proposes to significantly upscale high-end human resource creation to 2,500 PhDs annually in the sector by 2020.
Announcing the draft policy minister for information technology, minister of communications and information technology and human resource development Kapil Sibal said the government is working on policy initiatives for the three interdependent sectors of electronics, information technology and telecommunications and that the government would come out with such policies for the IT and telecom sectors as well.