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Arvind Kumar has joined as Director General of Software Technology of India (STPI). Software Technology Parks of India (STPI) is an autonomous body under the Ministry of Electronics and Information Technology (MeitY), Government of India. STPI is fuelling the culture of tech entrepreneurship and innovation in the country by launching 25+ Centres of Entrepreneurship in
To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government's efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry.
Pti: Indian manufacturing market has the potential to reach US$ 1 trillion by 2025-26, Gujarat is poised to become India's foremost manufacturing powerhouse: Colliers
The Telecom Regulatory Authority of India (TRAI) has proposed a 'concurrent PLI scheme' aimed at promoting manufacturing of networking and telecom gear in India. The recommendations include tax benefits, a dedicated master fund, and incentives for design-led PLI schemes. TRAI also suggests lower corporate income tax for companies engaged in R&D manufacturing and with a significant turnover from owned intellectual property rights.
With a sharp gaze on goals of scaling domestic production and local value addition in global value chains, TRAI in its recommendations favoured additional two per cent benefit under the design-led PLI scheme for product lines meeting a certain criteria, while also talking of a dedicated 'Networking and Telecommunications Equipment Development' fund.