Electronic Manufacturing Investment in 2017 Bloom 27pc – MeitY

This year saw a 27 per cent jump in the investment on electronic manufacturing where the total volume of investment reached ₹1.57 lakh crore in 2017 vis-à-vis ₹1.43 lakh crore in 2016; this was only ₹11,000 crore in 2014

Electronic manufacturing

The Ministry of Electronics and Information Technology (MeitY), lately noted it has undertaken numerous revolutionary initiatives in the area of IT/ ITeS and electronic manufacturing that have put India on the global map and went on to become case studies for the reputed Universities across the globe in 2017.

Having covered over 99 per cent of the adult population of the country through the unique identity Aadhaar, the country is now looking at embracing the second phase of Digital India, it said.

“The year saw a 27 per cent jump in the investment on electronic manufacturing where the total volume of investment reached ₹1.57 lakh crore in 2017 vis-à-vis ₹1.43 lakh crore in 2016; this was only ₹11,000 crore in 2014,” the Ministry said.

IT said there has been almost 60 per cent rise on the production of mobile phones to reach 17.5 crore units vis-s-vis 11 crore units last year, adding 4 lakh direct and indirect jobs in the sector; this was only 6 crore units in 2014-15.

Digital transactions witnessed a growth of over 300 per cent during this year.

In 2017, the government also introduced many pro-people IT initiatives that have transformed the governance system for good.

“Some of the key initiatives that were pushed forward included India BPO Promotion Scheme, Software Procurement Policy for faster delivery and effective monitoring of services, Tele-Law through CSCs to Mainstream Legal Aid in Rural India, amongst others,” the Ministry that is undertaking the Prime Minister’s pet project ‘Digital India’, said.

The CSCs (Common Services Centers) have been effectively used to reach out to the last miles and bridge the gaps between urban and rural sector, between digital haves and have-nots, it added.

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BiS Team

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