And now the Narendra Modi government is preparing a massive fund to boost local manufacturing and make India an electronics manufactuing hub.

Close to INR 41K Cr would be reserved under the fund for disbursal based on the production at the units.

The production-linked incentives are meant to replace the subsidies that manufacturing units get from operating in SEZs and other earmarked zones.

“I wish to announce a new scheme for electronics manufacturing, mobile phone manufacturing, electronics components and semiconductor units.

Besides this, the government is also reportedly going to check eligibility based on employment generation, investment in the Indian market, sales and other details, with an acute focus on exports and value addition to the Indian market. | To read full story, visit https://startuparound.com/read/1580787007.1963654/Govt-Plans-INR-45K-Cr-Fund-For-Electronics-Manufacturing,-Exports-Boost?ref=audio_experience