National Policy on Electronics, 2019 and National Mineral Policy 2019 (Download PDF)

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National Policy of Electronics

Recently approved by the Union Cabinet. Replaces the National Policy of Electronics 2012 (NPE 2012) . Proposed by the Ministry of Electronics and Information Technology (MeitY) . To position India as a global hub for Electronics System Design and Manufacturing (ESDM) .

  • Targets- Achieving a turnover of US $ 400 billion (approximately ₹ 26,00, 000 crore) by 2025 in the ESDM sector through domestic manufacturing and export.
  • Targeted production- 1 billion mobile handsets by 2025 (US $ 190 billion) .
  • 600 million mobile handsets (US $ 110 billion) for export.

Key Features

  • Creates an ecosystem for globally competitive ESDM sector.
  • To promote domestic manufacturing and export in the entire value-chain.
  • To provide incentives and support for manufacturing of core electronic components.
  • Formulating suitable schemes and incentive mechanisms to encourage new units.
  • To promote Industry led R&D (research and development) and innovation.
  • Putting special focus on Chip Design Industry, Medical Electronic Devices Industry, Automotive Electronics Industry and Power Electronics for Mobility and Strategic Electronics Industry.

Benefits

  • NPE 2019 could help India become the next major global hub for manufacturing of mobile phones, refrigerators, televisions, ACs etc.
  • High value addition of electronic products manufacturing in the domestic market.
  • Increased electronics hardware manufacturing and the export.
  • Generation of substantial employment opportunities.

Needs to be Done

  • Electronics hardware demand is expected to rise rapidly to about $ 400 billion by 2023 - 24.
  • Adopting an export orientation as against an import substitution bias.
  • Going beyond credit sops to address the R&D deficit.
  • By engaging India՚s scientific human resource.
  • Promotion of R&D institutions through the PPP route.

National Mineral Policy 2019

  • Recently approved by the Union Cabinet.
  • Replaces the extant National Mineral Policy 2008 ( “NMP 2008” ) .

Objectives

  • This policy will ensure more effective regulation and will lead to sustainable mining sector development.
  • To bring in further transparency, better enforcement, balanced social and economic growth.
  • Addressing the issues of project affected persons especially those residing in tribal areas.
  • To ease merger and acquisition of mining entities.
  • To attract private sector participation in exploration.
  • To allow transfer of mining leases.
  • To create dedicated mineral corridors.

Key Provisions

  • Industry status.
  • Right to first refusal.
  • Private sector.
  • Transportation.
  • Fund.
  • Export Import.
  • Inter-Generational Equity.
  • Regulation.

- Published/Last Modified on: April 9, 2020

Policy/Governance, Education

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