Govt clears National Policy on Electronics

With an aim to boost domestic hardware, the Union cabinet chaired by PM Manmohan Singh has approved the national policy of electronics which aims to create 20 lakh additional jobs by the year 2020 and a turnover of 400 billion dollars.


Demand for electronics product has been rapidly growing in the country.

However, the domestic production in 2008-09 was worth about USD 20 billion.

In the absence of a government initiative, it was estimated that at the current rate of growth, domestic production can cater to a demand of USD 100 billion by 2020 as against demand of USD 400 billion.

The rest would have to be met by imports.

"This aggregates to a demand supply gap of nearly USD 300 billion by 2020. Unless the situation is corrected, it is likely that by 2020, electronics import may far exceed oil imports," the statement said.