Elec­tron­ics Man­u­fac­tur­ing: Bright Spots


The Mod­i­fied Spe­cial In­cen­tive Pack­age Scheme (MSIPS) pro­vides CAPEX sub­sidy of 20-25% Close to 20 clus­ters for Elec­tron­ics have been ap­proved. Many states have cre­ated their own Elec­tron­ics Man­u­fac­tur­ing pol­icy. Mo­bile man­u­fac­tur­ing has taken off in its first phase and 45 new fac­to­ries have come up cre­at­ing em­ploy­ment of 1 Lakh. Elec­tronic De­vel­op­ment Fund – a fund of funds has been set up and this is man­aged by Can­bank Ven­tures Fund. Some key com­pa­nies who have in­vested in In­dia and have also shown their in­cli­na­tion to in­vest are – Wistron, Fox­conn, Sam­sung, Twin­star, Dixon, Delta, In­tex, Boe­ing etc.

Al­though all kinds of IT prod­ucts were be­ing man­u­fac­tured in In­dia by now- in­clud­ing desk­tops, servers, lap­tops, tablets, mo­bile phones and hand­held de­vices – the im­port con­tent was high and hence, the pol­icy’s in­ten­tion was to cre­ate depth in man­u­fac­tur­ing by of­fer­ing pol­icy in­ter­ven­tions to make man­u­fac­tur­ing com­pet­i­tive.

The Make In In­dia pol­icy cre­ated in 2014 was also in­tended to make In­dia a global de­sign and man­u­fac­tur­ing des­ti­na­tion.

In 2015 a far-reach­ing Dig­i­tal In­dia ini­tia­tive was cre­ated un­der which elec­tron­ics was a key part of the pro­gramme. The tar­get for the coun­try was to be a NET ZERO im­port coun­try by 2020, giv­ing fur­ther fill up for elec­tron­ics man­u­fac­tur­ing.

As we stand to­day in 2017 and re­flect on where the elec­tron­ics man­u­fac­tur­ing in­dus­try is go­ing - we can see that there are some re­ally bright spots. But the road is long and dif­fi­cult and still more needs to be done to look at net zero im­ports by 2020.

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