National Policy on Electronics 2019 (NPE 2019), proposed by the Ministry of Electronics and Information Technology, envisions positioning India as a global hub for Electronics System Design and Manufacturing - (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.
Emerging economies, backed by strengthening fundamentals around demographic dividend, disposable income and growing enterprises, have been a major impetus to this growth as well. The robust growth of India’s electronics industry is primarily driven by huge domestic demand for products that can be attributed to a multitude of factors, including growing middle class, rising disposable incomes, favorable duty structures and large scale public procurement needs driven by government projects such as broadband connectivity to villages, rural electrification and e-governance programs.
Target: Promote domestic manufacturing and export in the entire value-chain of ESDM for economic development to achieve a turnover of USD 400 billion by 2025. This will include targeted production of 1billion mobile handsets by 2025, valued at USD 190 billion including 600 million mobile handsets valued at USD 110 billion for export.
Salient Features of NPE 2019
Create eco-system for globally competitive ESDM sector: Promoting domestic manufacturing and export in the entire value-chain of ESDM.
Impact
The NPE 2019 when implemented will lead to formulation of several schemes, initiatives, and projects in consultation with the concerned Ministries / Departments, for the development of ESDM sector in the country.