Govt preparing electronics component linked incentive scheme: Meity Secretary

New Delhi: The government is working on a new component-linked incentive scheme to encourage the production of electronics parts besides semiconductors, a top government official said on Tuesday. While speaking at the launch of made-in-India Milkyway tablets, Ministry of Electronics and IT Secretary S Krishnan said that the government has been talking to industry for design and make in India products and the other focus has been increasing local value addition.

“The private sector is stepping up. We hope in Meity to have a component linked incentive scheme in the coming months which will assist this movement towards making India both a product nation and increasingly a nation that produces more components,” Krishnan said.