This pillar focuses on promoting electronics manufacturing in the country with the target of NET ZERO Imports by 2020 as a striking demonstration of intent. This ambitious goal requires coordinated action on many fronts, such as:

1. Taxation, incentives

2. Economies of scale, eliminating cost disadvantages

3. Focus areas – Big Ticket Items

   • FABS, Fab-less design, Set top boxes, VSATs, Mobiles, Consumer & Medical Electronics, Smart Energy meters, Smart cards, micro-ATMs

4. Incubators, clusters

5. Skill development, Enhancing PhDs

6. Government procurement

7. Safety Standards – Compulsory registration, Support for Labs and MSMEs

8. National Award, Marketing, Brand Building

9. National Centres – Flexible Electronics, Security Forces

10. R & D in electronics

There are many ongoing programs which will be fine-tuned. Existing structures are inadequate to handle this goal and need strengthening.

Demand for electronic goods is increasing with a Compound Annual Growth Rate (CAGR) of 22% and is expected to touch 400 Billion USD by 2020. Indian government is also taking several steps to promote manufacturing and investment in this sector, which puts India high on the list of potential places to invest.