Electronics Industry

Taken up and funded by Ministry of Electronics and Information Technology (MeitY).
It is managed by Software Technology Parks of India (STPI) and implemented by India Electronics and Semiconductor Association
The objective is to incubate 50 early stage start-ups and create atleast 5 global companies over 5 years of electronic manufacturing items

M-SIPS and EDF

Aims to promote large scale manufacturing in the electronic system design and manufacturing sector (ESDM).
The scheme provides capital subsidy of 20% in SEZ (25% in non-SEZ) for units engaged in electronics manufacturing.
It also provides for reimbursements of CVD/ excise for capital equipment for the non-SEZ units
Scheme is available for both new projects and expansion projects

Electronics Development Fund
Set up as a “Fund of Funds to participate in professionally managed “Daughter Funds” which turn will provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and Information Technology (IT)
EDF will also help attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas.
Fund Manager

CANBANK Venture Capital Funds Ltd.
Role of the Fund Manager of EDF is to consider requests from applicant Venture Funds, Angel Funds and Seed Funds and make recommendations to the Department of Electronics and IT, Government of India

To build and create requisite infrastructure ecosystem for electronics manufacturing
In order to overcome disadvantages due to infrastructure, EMC was launched which encouraged entities, including State Government entities, to provide good quality infrastructure and logistics within a cluster.
Under EMC scheme, 20 Greenfield EMCs and 3 Common Facility Centres (CFCs) have been approved across 15 states of the country

National Electronics Policy, 2019

To position India as a global hub for Electronics System Design and Manufacturing (ESDM)
Promote domestic manufacturing and export in the entire value-chain of ESDM for economic development to achieve a turnover of USD 400 billion by 2025.
This will include targeted production of 1.0 billion mobile handsets by 2025 of which 600 million mobile handsets for export

Create eco-system for globally competitive ESDM sector
Promoting domestic manufacturing and export in the entire value-chain of ESDM.
Provide incentives and support for manufacturing of core electronic components.
Provide special package of incentives for mega projects which are extremely high-tech and entail huge investments, such as semiconductor facilities display fabrication, etc.
Formulate suitable schemes and incentive mechanisms to encourage new units and expansion of existing units, skilled man power and re-sklling
Promote Industry-led R&D and innovation in all sub-sectors of electronics, including grass root level innovations and early stage Start-ups in emerging technology areas such as 5G, loT/ Sensors, Artificial Intelligence (Al), Machine Learning, Virtual Reality (VR), Drones, Robotics, Additive span style='mso-spacerun:yes'> Manufacturing, Photonics, Nano-based devices, etc.
Special thrust on Fabless Chip Design Industry, Medical Ele ctronic Devices Industry, Automotive Electronics Industry and Power Electronics for Mobility and Strategic Electronics Industry.
Create Sovereign Patent Fund (SPF) to promote the development and acquisition of IPs in ESDM sector.
Promote trusted electronics value chain initiatives to improve national cyber security profile.