Infrastructure Development Current Affairs - 2020
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.
The incentives offered under the scheme are of worth Rs 48,000 crores. The companies shall claim the incentives from August 1, 2020. These include
- Production Linked Incentive Scheme
- Electronics Manufacturing Clusters 2.0 (EMC 2.0)
- Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS)
Production Linked Incentive Scheme
This is the largest scheme of all the three schemes. It will provide 4% to 6% incentives on electronics products that show incremental sales. This includes electronic products such as Printed Circuit Boards, photopolymer film, Marking and Packaging Units.
The main objective of the scheme is to provide support to companies that are creating world class infrastructure in the Electronics sector. The scheme has been launched under National Policy for Electronics 2019. It aims to make India a global hub of mobile manufacturing.
The scheme aims to provide grant assistance to set up both brown field and green field EMCs. The first phase of EMC had approved 20 Green field projects and 3 common facility centres in around 15 states. The EMC 2.0 has been launched strengthen the infrastructure base of the country in Electronics sector.
The scheme provides incentive of 25% of the capital spent on establishing an electronics plant, equipment, machinery, technology, etc.
Tags: Economic Growth • Electronics Manufacturing Cluster • Electronics Sector • Infrastructure Development • Mobile Manufacturing
On March 19, 2020, the Minister of Textiles Smt Smriti Irani presented the details of National Technical Textiles Mission at Rajya Sabha. The GoI has allocated Rs 1,480 crores for the mission
National Technical Textiles Mission
The Mission aims to improve technical textiles in India. The mission is to be implemented for a period of 4 years between 2020-21 and 2023-24. It is to be implemented by the Ministry of Textiles.
What are Technical Textiles?
The technical textiles are a non-aesthetic product where function is its primary purpose. Basically, they are used in 12 applications namely Geotech, Indutech, Military textiles, packing, agro, buildings, Geotech, medtech, autotech, smartech, sportech and clothtech. They are functional fabrics that are used in civil engineering, automobiles, agriculture, construction, healthcare, personal protection, etc. For instance, a technical textile can be used in gloves for high temperature environment, in astronauts and fire fighters’ suits, etc.
The Government of India has planned to use technical textiles in highways and ports to create robust infrastructure.
Tags: Infrastructure Development • National Technical Textiles Mission • Ports • Rajya Sabha • Roadways