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Posted on Jan 21, 05:37PM | IBNS
Union Communications and IT Minister Kapil Sibal chaired a round table on the Electronics System Design and Manufacturing (ESDM) sector here on Monday.
Over 50 industry leaders participated.
The government has unfolded the new policy framework for creating an ecosystem of Electronics System Design and Manufacturing in the country.
The new policy framework has been specifically formulated to cover sectors like avionics, automotive electronics, medical electronics, LEDs.
This round table was organised to understand the needs and requirements of these sectors - to be dovetailed with the new policy.
At the round table, Sibal received the first MSIPS application of over Rs 550 crore investment from Head of Bosch Electronics India.
Sibal, during the round table pointed out that India's market and human resources will be huge determinants of this century.
The demographic profile of the world will increasingly move greater and greater economic activity to India, he added.