Electronics Development Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In the list of recommendations on ‘Promoting Networking and Telecom Equipment Manufacturing in India released by the sector regulator on Saturday, it has also suggested the introduction of local value addition norms in performance linked incentives scheme (PLI scheme), tax relief as part of fiscal incentives, and setting up a dedicated master fund towards to address the relative cost disability faced by the industry, among others.

Telecom Regulatory Authority Of India: “It has been recommended that Government should follow a nudge approach and Telecom Service Providers (TSPs) should be incentivised to deploy indigenously manufactured equipment by reducing their Applicable Gross Revenues on annual net basis, by an amount equivalent to the aggregate certified value of indigenous NATE deployed in respective telecom networks during a financial year,” Trai said.

Through initiatives like the production-linked incentive schemes, India is successfully boosting local electronics manufacturing and exports.

Through these initiatives, India hopes to boost domestic electronics manufacturing and exports, including semiconductors, and move up the electronics value chain.

Demand for electronic products in India to grow at CAGR of 41 per cent to reach USD 400 billion by 2020 Demand for electronic products in India to grow at CAGR of 41 per cent to reach USD 400 billion by 2020 India Is Home To A Growing Middle Class Population. With Increasing Disposable Income, Consumer Demand For Electronic Products - Specially Advanced TVs, Mobile Phones And Computers- Has Grown Significantly. PTI | Updated on: 12 Jun 2017, 03:04:33 PM New Delhi: High demand for electronics could outpace domestic production, leading to an import requirement of...