Transforming India into an Electronic and Semiconductor Products Hub: Task Force Recommendations and Funding Strategy
Thursday, 11 July 2024, 09:45
India's Path to Becoming a Leading Hub for Electronic & Semiconductor Products
A task force established by the Ministry of Electronics and Information Technology (Meity) is on the brink of finalizing a crucial report aimed at transforming India into a key player in the electronic and semiconductor products industry.
Recommendations and Funding Strategy
The report is expected to propose a significant allocation of Rs 44,000 crore between 2024 and 2030 to bolster local companies in their efforts to develop innovative products and establish global brands.
- Key Allocations: Rs 15,000 crore for electronic products, Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for talent development, infrastructure, logistics, and IP acquisition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.