Policy pill to boost electronics exports

The National Policy on Electronics 2019, which aims to make the country an electronic export and manufacturing hub by promoting the production of strategic electronics such as artificial intelligence and defence electronics and generate over one crore jobs, was approved by the government on Tuesday.

“Through this policy, the government aims to make India an electronic export and manufacturing hub, and target $400 billion turnover in 2025, and provide jobs to one crore people,” Union law minister Ravi Shankar Prasad said after the cabinet meeting.

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