Govt Policies & Schemes
MeitY to boost ESDM industry with eight new initiatives
Aruna Sundararajan, secretary, Ministry of Electronics & IT (MeitY), while expressing her views about the Indian ESDM industry at the 2016 ELCINA-EFY Award ceremony, announced eight core initiatives that will be undertaken by MeitY to boost the growth of this industry.
The eight new initiatives
MeitY will work jointly with DIPP, NITI Aayog and DoT to create an enabling framework for the ESDM industry through the eight core initiatives listed here.
Ease of doing business: A concerted effort will be made, starting from the national to the state levels, and in some cases even at the municipality level, to ensure ‘Ease of doing business’. MeitY is going to run a strong and dedicated campaign to explain the strategic importance of this sector to the various stakeholders in order to highlight the fact that the future of India is digital, and this can only be realised with electronics. The foremost objective will be to get this message across in a compelling manner so that every state, and not just the proactive ones, realise how important ESDM is for growth, whether it is in terms of employment or import substitution.
Strengthening the ecosystem: Strengthening the ecosystem, by addressing the gaps with respect to simplifying regulations, infrastructure support, etc, is also a priority. MeitY will work with various stakeholders of the ESDM ecosystem to identify and bridge the gaps in the ecosystem.
Addressing the infrastructural inadequacies: The high cost of Infrastructure is a key disability hindering the growth of electronics manufacturing in the country. MeitY will address this issue in a focused manner, region by region, to ensure that over a period of time, these challenges are resolved.
A meaningful incentive framework: Those in MeitY have realised that a ‘one size fits all’ fixed incentive framework may not be appropriate for the entire industry’s needs. Therefore, it will create a meaningful incentive framework over and above the existing one. The revamp will take place with respect to enhancements, value addition and customisation.
Globally promote the Indian ESDM industry: A sustained campaign to promote the Indian ESDM industry abroad will be undertaken. MeitY takes fairly large industry delegations to various global industry events for promotional purposes. In addition to this, other suggestions from the industry for attracting investments to India’s ESDM sector will also be considered.
Promoting India’s R&D capabilities: The Indian ESDM industry, which includes the PSUs, is quite capable of designing electronic products and components. Yet, this segment is often very subdued even though it can boast of several topnotch accomplishments. Typically, these accomplishments tend to go unnoticed; so MeitY will change
Today, the electronics industry has become a sector of central importance not only to MeitY but also for the larger Make in India perspective
Aruna Sundararajan, secretary, Ministry of Electronics & IT (MeitY)
this situation through the right promotional framework.
Hand-holding the industry: MeitY is committed to putting in place a dedicated hand-holding mechanism to strengthen partnerships within the industry through the apex industry associations in this sector. In fact, MeitY is even willing to host potential partners within the ministry’s premises so that some of the problems can get addressed immediately.
Advantages of ITA-2: One critically important area is the Information Technology Agreement 2 (ITA-2). MeitY will check on how India can retain the advantages of ITA-2.
Moving forward, MeitY will work together with the industry and other stakeholders to craft policy frameworks specifically in some emerging areas like IoT, etc.
Sundararajan strongly believes that the Indian ESDM industry is going to be a major contributor to the ‘Make in India’ drive and will continue to take the India advantage story forward. She said, “Today, the electronics industry has become a sector of central importance not only to MeitY but also for the larger Make in India perspective.” She also said that this industry has grown not because of the government, but despite the government.