Electronics Sector Current Affairs - 2020

GoI launches three new schemes to boost Electronics sector

On June 2, 2020, the Union Minister Ravi Shankar Prasad launched three new schemes to bbost electronics sector. They are Production linked incentive scheme, cluster scheme (EMC 2.0) and component manufacturing scheme (SPECS). The schemes were approved by the Union Cabinet in March 2020. About the schemes The schemes are expected to attract investments. They Read More…

Three Schemes launched to boost Electronic Manufacturing Sector

The Government of India has launched three incentive schemes to boost electronics manufacturing in the country. The scheme will provide incentives of 4% to 6% when a company shows increased sales on electronic products. Highlights The incentives offered under the scheme are of worth Rs 48,000 crores. The companies shall claim the incentives from August Read More…

Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet

On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create more than 2 lakh jobs. The indirect employment opportunities are expected to be three times Read More…

Modified Electronics Manufacturing Scheme 2.0 approved by the Union Cabinet

On March 21, 2020, the union cabinet chaired by PM Modi approved the Modified Electronics Manufacturing Clusters Scheme 2.0 (EMC 2.0). The scheme aims at improving the growth of Electronics System Design and Manufacturing sector. Highlights The scheme aims at developing entrepreneurial ecosystem, increase employment opportunities, attract investment. It will support setting up of Electronics Read More…

Ministry of Electronics and Information: First Start Up Summit

The Minister of Electronics and Information Technology (MeiTY) Shri Ravi Shankar Prasad unveiled a series of new initiatives at the Start-Up Summit at New Delhi Highlights of the summit The MeitY Startup Hub was launched. The Hub will facilitate the vision of the Ministry towards technology, startups, innovation and creation of intellectual properties. The Software Read More…