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Policy to boost ‘Made-in-India’ products put on hold

Posted: 10 Jul 2013     Print Version  Bookmark and Share

Keywords:Preferential Market Access  Made-in-India  security threats  telecom industry 

The Government said it will “review” a policy that gave preference to locally-manufactured electronics goods in private sector procurement.

In February last year, the Cabinet approved the Preferential Market Access (PMA) policy mandated a phased increase in procurement of ‘Made-in-India’ products in telecom networks to curb any security threats.

But, amidst pressure from international trade associations and domestic telecom industry, the government has decided to “revisit and review” the entire policy.

“The entire policy on providing preference to domestically manufactured electronic goods (PMA policy) will be revisited and reviewed,” the Prime Minister's Office (PMO) said in a statement.

No notifications on PMA in the private sector on security related products will be issued till the PMA Policy is reviewed and any notifications in the draft stage will be withheld, the government said.

“The overall policy on PMA will be recalibrated and submitted to the Cabinet.”

The National Security Council Secretariat will provide a definition of "security" for usage in the context of security related issues concerning products, projects or sectors.

On this announcement, industry body India Electronics and Semiconductor Association (IESA) said the government’s decision to revisit the policy could have adverse impact on the country’s economy. “The recent announcement from the Government that certain clauses of the PMA policy are being ‘put on hold’ signals an unwarranted policy rethink which could adversely affect India’s Current Account Deficit in the short term,” IESA President PVG Menon said.





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