CII proposes 8 game-changing policies for revving up electronic component manufacturing

The Centre should offer 6-8 per cent fiscal support for select electronic components and sub-assemblies to mitigate cost disadvantages and boost the competitiveness of domestic manufacturers, Confederation of Indian Industry (CII) has suggested.

This fiscal support should be extended for 6 to 8 years to ensure adequate time for domestic firms to scale up and achieve the desired enhancement in value addition, CII said in a new report on “Developing India as the Manufacturing Hub for Electronics Components and Sub-Assemblies”.