Reaction on Union Cabinet’s steps to boost electronics manufacturing

Kishan Jain, Director at Goldmedal Electricals said,” The government’s decision to provide a boost to the electronics manufacturing sector in India is commendable especially considering the current business scenario. The decisions taken by the Union Cabinet will further help Indian electronic companies through measures announced such as a production-linked incentive scheme (PLI) for promoting manufacturing of electronic components and semiconductors SPECS) and Electronics Manufacturing Clusters (EMC) 2.0. We are confident that the government’s assurance of providing a financial incentive of 25 per cent on capital expenditure for the identified list of electronic goods and components, will not only enable India to become the electronics manufacturing hub of the world but also provide a fillip to its ‘Make in India’ programme. All of these steps are going to provide a much needed boost to the sector and help homegrown companies like Goldmedal Electricals expand their business capabilities further.”

Parag Naik, CEO & Co-Founder, Saankhya Labs said, “”We welcome the government’s move to boost the electronics manufacturing segment in India. Amidst the current business environment, the decisions taken by the Union Cabinet to support manufacturing in India’s semiconductor segment will augur well for Indian electronic companies. Measures announced such as a production-linked incentive scheme (PLI) for promoting manufacturing of electronic components and semiconductors SPECS) and Electronics Manufacturing Clusters (EMC) 2.0 are going to provide a much needed fillip to the sector. We hope that the government’s assurance of providing a financial incentive of 25 per cent on capital expenditure for the identified list of electronic goods including electronic components and semiconductors, enable India to become the semiconductor manufacturing hub of the world. This will also benefit indigenous companies like Saankhya Labs by enhancing their business capabilities enabling them to grow and expand further.”

—TVJ Bureau

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