Government launches Electronics Manufacturing Scheme 2.0

The government on Tuesday launched the Electronics Manufacturing Scheme 2.0 to give a fillip to the sector in manufacturing not only for India but also for global markets. Under the scheme, incentives will be given to the top five global and Indian companies, initially.

“Initially, five global champions and five Indian companies will be selected. We are keen that our own mobile companies become globally competitive, professionally powerful and are the flag-bearers of the tricolour,” Ravi Shankar Prasad, Minister of Electronics and Information Technology (MeitY), told presspersons here.

However, he also said every company has to follow the guidelines publicised on its website, and will be given incentives accordingly.