Aim is to achieve turnover of 26 lakh crore for design and manufacturing sector by 2025
The Union Cabinet on Tuesday approved the National Electronics Policy 2019 aimed at achieving a turnover of $400 billion (about 26 lakh crore) for the electronics system design and manufacturing (ESDM) sector by 2025, while generating employment opportunities for one crore people.
“The policy will enable flow of investment and technology, leading to higher value addition in the domestically manufactured electronic products and increased manufacturing of electronics hardware for local use as well as exports,” IT and Law Minister Ravi Shankar Prasad said.
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