Blitz Bureau
NEW DELHI: The Government on March 30 approved 29 new applications under its electronics manufacturing scheme which involves a total investment of Rs 7,104 crore. According to S Krishnan, Secretary at the Ministry of Electronics and IT (MeitY), these fresh proposals are expected to generate around 14,246 jobs, providing a significant push to employment in the electronics manufacturing segment.
Krishnan also said that the approved projects will lead to the production of electronic components worth Rs 84,515 crore. “This will strengthen India’s position in the global electronics supply chain,” he stated.
With the latest round of approvals, the total number of applications cleared under the scheme has now reached 75. Meanwhile, last year, the top official said that India’s digital economy, which accounted for about 6-7 per cent of the country’s GDP before 2010 and had doubled by 2014, is now expanding at twice the pace of the overall economy.
Addressing the Nagaland Digital Entrepreneurship and Startup Fest in December last year, Krishnan highlighted the abundant talent among Naga youth, particularly their creativity and English proficiency, and emphasised the role of institutions like the National Institute of Electronics & Information Technology (NIELIT) in nurturing this potential. “Out of 55 NIELIT centres in India 20 are located in the Northeast region,” he mentioned. “The digital economy is expanding at twice the pace of the overall economy,” Krishnan noted. Speaking on cyber security, he stressed that India cannot depend on foreign technologies in this critical area.
