The new electronics policy to be unveiled soon and will focus on opening up Indian market for exports, a senior official from the ministry of IT and electronics told DNA Money. New incentives will be offered for achieving this objective, while the existing ones such as Modified Special Incentive Package Scheme (MSIPs) and electronic cluster scheme might be phased out. "We aim to bring sub-assembly manufacturers from all these countries into India, which will make India an export hub as well. According to Make in India Strategy for electronic products prepared by Niti Aayog in 2016, India has not had much success in penetrating the export markets so far. The national electronics policy and the existing incentive schemes of MSIPS and electronics cluster policy were notified in 2012.

Source: dna May 07, 2018 23:48 UTC