Government expecting an investment of Rs 25,000 crore in the electronics sector from around 100 units
PTI/GN Bureau | January 22, 2013
Union communications and information technology minister Kapil Sibal has released one year agenda for department of electronics and information technology (DeitY). The list of 18 tasks, as stated in the one year agenda, includes attracting an investment of Rs 25,000 crore in electronic manufacturing clusters, national rollout of mobile-based government to citizen services and notification of cyber security policy.
Soon the country will have a modern semi-conductor wafer fab (electronic chip fabrication), which will spur the development of electronics through domestic manufacturing of chips. "We have to set up a fab unit here in this year. Negotiations are on. We will have proposal very soon in our office. We will take it for cabinet approval for that fab," Sibal told reporters while unveiling the one year agenda.
The project to set up two semiconductor plants in the country was approved by the Cabinet. It envisages investment of around Rs 25,000 crore. The exact level of government support for these plants has to be decided through negotiation with chip makers.
Setting up of these fabs are expected to bootstrap innovation and research and development, especially in the area of electronics which will help in generating employment of the order of about three crore (direct and indirect) by 2020.
The government is also looking to attract investment of Rs 25,000 crore in the electronics sector from around 100 units to be set-up in 10 manufacturing clusters this year.
"We expect an investment of Rs 25,000 crore in electronics this year, possibly from 100 individual units," IT Secretary J Satyanarayana said.
The semiconductor or electronic chips form the basis of all electronics products such as mobile phones, computers as well as equipment used in telecom networks, defence and so on.
The other tasks include setting up national cloud infrastructure, launch of e-gov app store and promote research in electronics and information technology so as to have 3,000 PhDs in electronics and 3,000 PhDs in ICT during the 12th five year plan.
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