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ICTE Manufacturing

ITA > ICTM Manufacturing

The Indian market for information, communication, technology, and electronics (ICTE) is currently valued at USD 100 billion and is growing steadily. Even though imports account for more than two-thirds of consumption, this shows how much potential there is for ICTE production in the nation. If India takes advantage of the opportunity presented by the shifting global market, it has the potential to become a significant player in the worldwide ICTE production industry. At the moment, India produces 2% of the world’s ICTE.

About 10% of India’s manufacturing GDP comes from ICTE production, which has the potential to be the main factor in the expansion of the manufacturing sector.

In 2012, the government unveiled the National Policy on Electronics in recognition of the significance and necessity of local electronics manufacturing. The Policy’s strategies are intended to establish an ecosystem for the electronics system design and manufacturing (ESDM) industry, which is a globally competitive industry. With an estimated USD 100 billion in investment and an additional 28 million jobs, the goal is to reach a turnover of around USD 400 billion by 2020. This industry may make a substantial contribution to achieving the national goal of increasing the manufacturing sector’s share of the GDP to 25% by 2022, given the government’s emphasis on fostering an environment that is favorable to investments.

In order to protect the interests of consumers, the government has also announced a number of policies and programs, such as the Electronics Development Fund (EDF), the Modified Special Incentive Package Scheme, the Electronic Manufacturing Clusters Scheme, the Preference for Domestically Manufactured Electronics Products (DMEP) in Government Purchases, and the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2012.

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