Govt should promote domestic electronics industry: Assocham

As per a PTI report, Assocham demands government to take adequate steps in developing large scale manufacturing zones with fiscal sops to promote domestic electronics industry.

“We welcome the directive to give preference to domestic electronic products in government procurement. It would be in the fitness of things if the electronics industry was given a boost by a comprehensive package so that the country's import dependence is reduced,” said the industry chamber.

In the overall IT package, the electronics industry has remained a missing link along with the computer hardware, it said.

"Large-scale manufacturing zones should be developed with fiscal sops and procedural ease to promote the electronic industry," said Rana Kapoor, President, Assocham told PTI.

“A Committee of Secretaries has decided that all Ministries and Departments should identify department-specific, domestically-manufactured electronic products for procurement and notify them within a fortnight,” a PMO statement said, as cited by PTI.

The PTI report also stated that according to the new directive influenced by Prime Minister Narendra Modi's 'Make-in-India' initiative, all ministries and departments will henceforth have to prefer domestically-manufactured electronic products in government procurement.