NITI Aayog moots fiscal, financial, regulatory and infrastructure support to boost electronics manufacturing

NITI Aayog has proposed interventions across fiscal, financial, regulatory, and infrastructure domains to help India scale up production of electronics including mobile phones while suggesting the need to diversify into emerging areas such as wearables, IoT devices, and automotive electronics.

In its report “Electronics: Powering India’s Participation in Global Value Chains” released on Thursday, the Aayog has proposed promoting components and capital goods manufacturing, incentivising research and development and design, tariff rationalization, skilling initiatives, facilitation of technology transfers, and infrastructure development to foster a robust electronics manufacturing ecosystem in India.