- What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
- JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half
- Dalal Street Corner: Easing commodity prices, buying interest in IT, Metal help market extend gains; what should investors do on
- PM Modi meets Joe Biden, Emmanuel Macron and Justin Trudeau at G7 Summit
- Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more
Govt approves new national electronics policy eyeing 1 crore jobs
The Cabinet on Tuesday approved a new electronics policy which aims to create a USD 400 billion electronic manufacturing ecosystem by 2025 and generate 1 crore jobs in the country.
"We are targeting USD 400 billion (ecosystem) by 2025. It will give jobs to 1 crore people," Law and IT minister Ravi Shankar Prasad said after the Cabinet meeting.
The National Electronics Policy 2019 proposes to boost mobile manufacturing in the country to 1 billion units worth USD 190 billion (about Rs 13 lakh crore) of which 600 million units worth USD 110 billion (about Rs 7 lakh crore) will be exported from the country.
Under the policy, the government aims to push manufacturing of strategic electronics required by defence and other strategic sector in the country.
The first electronics policy came in 2012.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.