The government has identified mobile handsets,automotive and consumer electronics as key growth areas to spur electronics manufacturing in the country.
“At Electronica India 2013 and Productronica India 2013,DEITY Joint Secretary Ajay Kumar said manufacturing in mobile phones,LED,consumer electronics and automotive components are the key growth areas for the electronics sector in India,” event organiser Messe München India said in a press release.
The government has already received 15 proposals to set up electronics clusters,out of which 6 have been approved and some of these have already started setting up these clusters,it added.
In the last six months,it has received investment proposals worth around Rs 30,000 crore for the industry.
According to the release,drawing comparisons with the Chinese manufacturing success story,Kumar said: “There is no protection for the domestic manufacturer due to the prevailing ‘zero duty’ structure.”
In this ‘zero duty’ regime,Indian manufacturers have to compete immediately with a manufacturers in markets like China,Korea and Japan,it added.
Unlike other sectors where duties protect the interest of domestic manufacturer,duties in the electronics sector are virtually non-existent,given the challenges,vis -a-vis infrastructure,high project costs and others,it said.
Kumar said government has taken initiatives to promote the new electronics policy to attract investments from global markets. For this,30 specific support systems have been created including a Taiwan help desk,Israel help desk and joint working groups with Japan and several others,it added.
Each of these initiatives has been created to support the sector and also provide professional advisory to investors from these markets,it added.
The shows,Electronica India 2013 and Productronica India 2013,which commenced on September 4,ended today.