A special fund for the sector primarily focused on mobile phones and high-value addition components will create the necessary momentum to build the $190 billion mobile phone industry with exports of $110 billion as envisaged in the National Policy on Electronics 2019, said Pankaj Mohindroo, chairman of the ICEA.
This will promote and safeguard patents at a time when protecting IPR has assumed global significance, as it had become one of the major talk points in the ongoing US-China trade negotiations.
The government has also announced that it will come up with a new scheme to encourage domestic manufacturing of mobile phones, electronic equipment and semiconductor packaging in order to make India a part of the global manufacturing chain and boost employment opportunities.
One of the key asks from NASSCOM for boosting the start-up ecosystem was the issue of ESOPs and allowing scaled up startups to benefit from the tax incentives.
Currently, close to 300 million units of PCBA are used annually in the country out of which 160 million are used in smartphones, according to Indian Cellular & Electronics Association of India (ICEA). All these PCBAs are manufactured locally. It is the balance PCBAs used in feature phones and chargers which are imported and will attract the increased duty.
India’s department of science has a national mission on Quantum Technologies and Applications, which is collaborating with institutions and companies to build homegrown capablity in quantum technologies.
The govt intends to bring out a policy to enable private sector to build data centre parks throughout the country, FM Nirmala Sitharaman said.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
