Government approves new national electronics policy eyeing 1 crore jobs

The Cabinet on Tuesday approved a new electronics policy which aims to create a USD 400 billion electronic manufacturing ecosystem by 2025 and generate 1 crore jobs in the country.

“We are targeting USD 400 billion (ecosystem) by 2025. It will give jobs to 1 crore people,” Law and IT minister Ravi Shankar Prasad said after the Cabinet meeting.

The National Electronics Policy 2019 proposes to boost mobile manufacturing in the country to 1 billion units worth USD 190 billion (about Rs 13 lakh crore) of which 600 million units worth USD 110 billion (about Rs 7 lakh crore) will be exported from the country.