‘More sops needed to boost electronic manufacturing’

NEW DELHI| CHENNAI: India may have to offer electronic manufacturers additional sops such as cheap credit and incentives for export along with infrastructure support in order to boost production and help the sector compete with China, Vietnam and Thailand, according to a top government official.

These incentives, over and above the proposed reduction of corporate tax to 15% for new manufacturing units, are vital for India to successfully attract companies looking to relocate manufacturing facilities.