Electronics industry to explore new opportunities: Ravi Shankar Prasad

The Union Minister of Electronics & Information Technology Ravi Shankar Prasad has exhorted the electronics Industry to explore new opportunities that are arising out of the adversity and make India the global hub of electronics manufacturing.

During a meeting with industry associations, Ravi Shankar Prasad requested the electronics industry to take advantage of the opportunity and new schemes notified by the ministry, attract global investment and strengthen the sector.

He emphasised that the medical electronics industry is at a point of a complete turnaround.

Focus was on major electronics manufacturing clusters facing local restrictions because of their presence in high risk zones like Noida, Greater Noida, Maharashtra, Tamil Nadu, Andhra Pradesh etc. Officials also appreciated the support received from the Industry in formulation of new schemes for promotion of electronics industry and SOP Guidelines for COVID-19.

The minister apprised the Industry that the requests regarding broadening the definition of essential goods to ICT products, retail/online sale of ICT essential goods, authorized sales and services of ICT essential goods has already been taken up with the Ministry of Home Affairs.

Under the newly notified schemes of MeitY to promote electronics manufacturing, the government of India will provide a financial support of Rs. 50,000 crore for ESDM industry. Further, he mentioned that MeitY’s initiatives like Aarogya Setu, Aadhaar, Digital payments etc. have played a very important role in fighting against COVID-19.

Industry representatives presented the “Restart, Restore and Resurgence” model to capture the global opportunity in the Electronics System Design and Manufacturing (ESDM) sector. Majority of the participants appreciated the new trilogy of schemes of MeitY, namely, PLI, SPECS and EMC2.0; to support the electronics manufacturing sector.

Union Minister instructed the ministry officials to extend full support to the Industry and liaison with states/ UTs for reopening of electronics manufacturing facilities.

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