Rs 1,20,000 crore investment in electronics manufacturing – Feedback

With efforts on to make India an electronics manufacturing hub, the government today said the total investment in the sector has now reached Rs 1,20,000 crore, Telecom Minister Ravi Shankar Prasad said today.

He told the Lok Sabha that the government was promoting electronics manufacturing in a very big way and giving incentives and providing electronics clusters to investors. “When our government came (in 2014), the total investment in electronics manufacturing was Rs 11,500 crore. Now it has reached Rs 1,20,000 crore. That is the kind of investment we are getting,” he said during Question Hour. Prasad said the government was working to make India a big hub of electronics manufacturing in which the Centre and state governments have to play a crucial part. “Therefore, we would like to say that by 2020, India must also promote export of consumer goods. I want to assure this House that a large number of companies like Foxtone, Apple and others are keen to invest in India and we are creating an enabling atmosphere,” he said.

http://economictimes.indiatimes.com/industry/cons-products/electronics/rs-120000-crore-investment-in-electronics-manufacturing-government/articleshow/51426759.cms

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