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Single window clearance for electronics mfg in works

DNMUM423946 | 10/12/2018 | Author : DNA Money Correspondent | WC :482



New Delhi: Ministry of Electronics and IT plans to strengthen the single window clearance for global investors to attract more companies in electronics manufacturing in India.
The ministry plans to handhold foreign firms till manufacturing unit becomes functional, according to the draft of the new policy, formulated to make the country import free in next couple of years apart from making India a global hub for electronics manufacturing.
The demand for electronics hardware is expected to reach $400 billion by 2023-24 which is why there is a huge push from the government for domestic manufacturing of electronics hardware and design in the electronics segment.
The single window clearance for investors will be strengthened for facil
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