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Government insists on increasing power generation in India!

Electronics manufacturing is one of the fastest growing industries in India with enormous potential changing the lives of people in the country. Electronics manufacturing in India diagram shows growth with an average annual growth rate of 30 percent over the next five years, with production of Rs. 11.5 lakhs crore. The value of electronics exports from India is expected to increase 40 to 50 percent the next five years.

India is one of the biggest electronics markets in the world and is expected to reach $ 400 billions by 2025. The spread of digital technologies such as 5G and the Internet of Things drives growth section. Government initiatives such as Smart City and Digital India lead the way electronic products and Internet of Things devices in the country. Mobile phone manufacturing in India has increased to over 33 crore from 6 crore five years ago. Today, almost 90% of India's mobile phone needs are met by local production. House number and international mobile phone manufacturers including Samsung, Lava, Dixon, Apple iPhone makers in talks with government to release phone production in the country.

The Indian government, seeing the potential for electronic production in the country, wants to boost local production through various programs and incentives. Ministry of Electronics and IT recently announced three plans to boost production of Electronics in the country. Here are the government's latest plans to boost electronics manufacturing in India:

1. Manufacturing incentive program (PLI) The PLI program aims to expand the incentives from 4% to 6% for eligible mobile phone manufacturers, Phones and other special electronic components such as printed circuit boards, ATMP modules, photopolymer films, Etc. for five years. This program aims to stimulate local production and attract India's large-scale investments and globalization in the electronics industry.

2. Semiconductor Electronic Component Manufacturing Promotion Program (SPECS) SPECS offers 25% relief for electronic products such as electronic components, semiconductors / display modules, custom swaps, ATMP modules, etc. It integrates the last value chain of electronic products and presents a strong added value manufacturing. This scheme will be applicable to investments in new blocks and to expansion or to diversify existing business units.

3. Modified Electronics Manufacturing Cluster System (EMC 2.0) EMC Planner will provide financial assistance for EMC projects and joint installation centers in the village. The program will help strengthen the link between the local and the international market by increasing supply chain responsiveness, reducing time-to-market and consolidating suppliers and reduce logistics costs, etc.

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