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Prasad to meet electronics industry leaders on Aug 19

first_imgNew Delhi: IT Minister Ravi Shankar Prasad will meet CEOs of electronics companies on Monday next week to discuss the industry’s concerns and deliberate on measures to boost sectoral growth and improve export prospects. An official privy to the development said that the IT Ministry has called the industry’s top brass, including heads of companies like Apple, Samsung, Flextronics, Foxconn, Dell, Ericsson, Intel and others, for the ensuing meeting. Also Read – Thermal coal import may surpass 200 MT this fiscalIn all, nearly 50 companies have been asked to participate in the discussions that would be geared to promote policy environment for the sector and improve prospects of exports. In addition, industry associations like Consumer Electronics and Appliances Manufacturers Association, Electronic Industries Association of India, and India Cellular and Electronics Association are also expected to participate in the talks. The government has come out with a national policy on electronics that aims to promote domestic manufacturing and exports in the entire value chain to acheive a turnover of $400 billion (around Rs 28.43 lakh crore) by 2025. The roundtable with electronics majors will focus on understanding industry’s concerns, discuss suggestions to ensure conducive policy environment for the electronics industry to flourish in India, the official said. Earlier this year, the Cabinet approved a new electronics policy which aims to create a $400 billion electronic manufacturing ecosystem by 2025 and generate one crore jobs in the country.last_img read more