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Center gets 1.2 lakh crore investment proposal in electronics sector : Make In india

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 After the government launched its 'Make in India' programme last year, The electronics manufacturing sector has got investment proposals worth Rs 1.2 lakh crore

Karbonn, Micromax, VideoconLava, Spice and Celkon, as well as Chinese firms Xiaomi,Vi and Lenovo and Canada-based DataWind have already started assembling handsets in India

 As part of its 'Make in India' initiative. Modi government keen to make easier business in the india.
which attract foreign capital in manufacturing

Ajay Kumar additional secretary told  received investment in electronics  amounting to Rs 120,000 crore till now, The figure is expected to jump in 2016.

Center target zero import till 2020. Center reimbursement of countervailing duty (CVD) and modified special incentive package scheme (M-SIPS) up to 25% for setting up manufacturing facilities in the country.

These policy initiatives have seen local and foreign companies investing in local production capabilities.

The NPE aims to end dependency on imports and expects the sector to attract 100$ billion which genarate 28 million individuals employment by 2020.

The government is in talks with several companies which were keen to establish their own production units in the india.

LG,Bosch Samsung, Phillips,and Flextronics are among the businesses that have shown interest to create manufacturing bases in India, he said.

The DeitY   is also undertaking speedy clearances for disbursement of subsidies under the scheme and has launched an e-MSIPS application system for submission and quick scrutiny.
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56.6 million handsets shipped in the second quarter of 2015, 24.8% were either manufactured or assembled in India as compared with 19.9% in the previous quarter.

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