In major policy initiative aimed at making India a major hub for electronics industry, the Union Cabinet on Thursday approved the National Policy on Electronics 2012.
As part of the policy, the government is setting up a National Electronics Mission with industry participation.
Through the policy, the government is envisaging a turnover of $400 billion and employment for two million people. It also seeks to build on the emerging chip design and embedded software industry to achieve global leadership in Very Large Scale Integration (VLSI), chip design and other frontier technical areas and to achieve a turnover of $55 billion by 2020.
Through the policy, the government is also looking to build a strong supply chain of raw materials, parts and electronic components to raise the indigenous availability of these inputs from the present 20-25 per cent to over 60 per cent by 2020.