Jan. 5 – The new issue of India Briefing Magazine – titled FDI and Manufacturing Electronics in India – is now available for complimentary download on the Asia Briefing Bookstore.
Two years ago, a conference of the State Industry Ministers put forth the goal to increase the contribution of the manufacturing sector to GDP from 16 percent to 25 percent.
The manufacturing sector’s contribution to India’s GDP is considered low when compared to other Asian economies (where manufacturing contributes closer to between 25 percent and 34 percent of GDP) and is seen as not fulfilling its potential. To remedy this, the recently released National Manufacturing Policy has set clear objectives to harness the sector for economic growth, including an emphasis on FDI and foreign technologies.
Meanwhile, policy makers are in the midst of a major push to establish India as an internationally competitive electronics system design and manufacturing hub.
Electronics and strategic electronics are at a similar point of inflexion as the information technology industry was a decade ago, according to the draft National Policy on Electronics, 2011. Demand for electronic hardware in India is growing, driven by growth in income levels, automation demands of the private sector and the focus on e-governance.
In this issue of India Briefing, we walk you through the National Manufacturing Policy, the draft National Policy Electronics, and other related policies and schemes key to foreign investment in the sector.
In this issue:
- An overview of India’s manufacturing sector and a detailed look at the next steps under the recently released National Manufacturing Policy
- India’s push to become an electronics system design and manufacturing hub
- Key related policies and schemes for electronic hardware exports
This issue of India Briefing – FDI and Manufacturing Electronics in India – is available for immediate PDF download on the Asia Briefing Bookstore.
Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in India. For more information, please contact india@dezshira.com, visit www.dezshira.com, or download the firm’s brochure here.
