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 new electronics policy, the government aims to push the manufacturing of strategic electronics required by the defence and other strategic sectors in the country.
The first electronics policy came in 2012.