According to Minister of Electronics and Information Technology (MeitY) Ravi Shankar Prasad, who held a videoconference with state information technology (IT) ministers, during this ongoing pandemic India can gain from China’s loss
He said that India can promote electronics manufacturing and urged states to work towards attracting investments. With more manufacturers planning to shift base from China, India can take up this advantage and its recent electronics incentives could become an attraction for them.
India’s recently announced production linked incentive 2.0, electronics manufacturing clusters, and scheme for promotion of manufacturing of electronic components and semiconductors, are schemes with a project outlay of Rs 50,000 crore and seek to attract investments in electronics manufacturing sector.
