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  1. Budget boost likely for electronic manufacturing

Budget boost likely for electronic manufacturing

The electronic manufacturing sector is likely to get a boost with the government planning to offer...

By: | New Delhi | Published: February 3, 2015 1:12 AM

The electronic manufacturing sector is likely to get a boost with the government planning to offer more incentives and tax concessions to the industry in the Budget as part of its ‘Make in India’ campaign.

Top government representatives from the department of electronics and information technology (DeitY) met finance minister Arun Jaitley on Monday who assured all help to the industry.

Top DeitY officials said that at least 19,000 crore of electronic manufacturing projects, including devices for the medical industry, have been received by the government so far. Of more than 50 proposals received for setting up the electronic manufacturing industry in India, DeitY has approved 30 worth Rs 6,500 crore. Companies like GE, Motherson Sumi, India’s leading automotive company besides Calsonic Kansei Corporation, a leading Japanese automotive company and Bosch international have got approval to set up projects in India.

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