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| Pic Source - blavish.com |
The Government of India is introducing new proposals of
investment are sectors like electronics, power, information technology, metals,
farming, telecom and hardware. These are the sectors where already China has
maintained dominance over Indian economy. The Government of India maintaining
all measure to develop these sectors.
China’s market is nearly 30% of global electronic market,
where as India ‘supply is not more than 1.5% in the global market. Government
is preparing the step to support the semiconductor industry along with hardware
processing industry in India.
Besides this, it also is planning to provide financial support
to domestic electronic manufacturers for automobiles, industrial and telecommunication
markets with cost effective manufacturing of consumer electronics.
The past records analysis shows the figures that the imports
of semi conductors and electronic goods in India will raise more than the oil
imports in India. This is the reason the Government is so keen in developing
and supporting the electronic manufacturers in India. Special capital grants
will be provided to those electronic manufacturers who are contributing in cost
effective production of electronic items for domestic use, aerospace and high
tech engineering electronics.
Today all major brands of electronics in India imports from
China and Taiwan and not even a small part is made in India. The electronics
and hardware, which are being imported, has a great threat to the economy as
well as a severe threat to the security.
Much of the focus is needed for public-private partnership in
establishing and developing the electronic and hardware manufacturing with in
India.
Government has decelerated open support for the manufacturers
of electronics and hardware in India.
Four separate cabinet notes have already been readied to set up the
competitiveness for the electronics and hardware industries.
The Pharmaceutical sector, Government of India has proposal
in hand to provide support and capital grant for development of new medicines.
Besides this, it also has planned to grant incentives for new discoveries in
drugs. There is also a proposal of slapping anti-dumping and allied duties on
import of drugs from China.
Due to rules and regulations, the financing companies do not
exist who can invest in the discoveries of new drugs. The rules in India also
don’t allow raising funds to find new cure for diseases. This requires some
alterations in the rules to encourage the developments and finance the huge
expenses of R&D.
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