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$3bn package likely for electronics R&D
Mint Mumbai
|December 12, 2024
Meity task force submits report; focus on local value addition
The Centre is working on a $3 billion package for the electronics industry to encourage private sector research and development (R&D) and create leading brands, two people aware of the development said.
A task force set up by the ministry of electronics and information technology (Meity) six months ago studied the viability and market-readiness of such a scheme and submitted actionable points, the people said on the condition of anonymity.
Once approved, the proposal will go to the finance ministry.
This story is from the December 12, 2024 edition of Mint Mumbai.
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