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Policy proposes incentives for cutting-edge manufacturing

Posted: 26 May 2006     Print Version  Bookmark and Share

Keywords:K.C. Krishnadas  India  IT  information technology  manufacturing facility 

The IT ministry has prepared the draft of a policy that proposes incentives for companies that establish advanced manufacturing facilities for solar cells, semiconductors, storage devices, flat-panel displays and telecom gear.

According to Dayanidhi Maran, minister for Communications and Information Technology, the policy measures are intended to attract foreign investment and make the electronics-manufacturing industry in India more globally competitive. Semiconductor multinationals have been pressing the government to establish fiscal and other incentives for local manufacturing.

Details of the draft policy were not released, but Maran said the government hopes to attract investments of about Rs.49,621 crore in telecom- and other electronics-hardware manufacturing within three years.

One goal, Maran said, is "to make India a hub of telecom manufacturing by facilitating more telecom-specific special economic zones. An export promotion council will also be set up" to facilitate global delivery of telecom equipment and services.

By encouraging local manufacturing, the ministry hopes to make mobile handsets available to consumers at about Rs.99,242 crore within the next year. The telecom initiatives include the augmenting of spectrum to support 3G services.

- K.C. Krishnadas
EE Times

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