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Thursday, December 04, 2014

Net Zero Import By 2020 In Electronics Sector Challenging But Feasible: Ajay Shankar

The Government's vision of reducing our import burden by taking forward our Prime Minister Mr. Narendra Modi's vision would be key in reducing the fiscal burden, says former Member Secretary, NMCC, Mr. Ajay Shankar. 

Addressing a Seminar on “Make in India: Electronics – Substituting Surmounting Imports” under aegis of PHD Chamber of Commerce and Industry, Mr. Ajay Shankar said that the Indian Electronic Industry is still at an infant stage and India needs to create an Investment case for itself. 

Elaborating on the current framework, Mr. Shankar said that Electronic Fund can be a game changer however the entire ecosystem needs to gear up and be conducive for the benefit of the industry. 

According to him, manufacturing as a sector itself is undergoing a transformation. Focus now needs to be on adding value to our products so as to attract investors and availability to critical information that can be used for making an informed decision. 

In his welcome remarks, the Chairman, Task Force on Electronics & Engineering Goods of the Chamber, Mr. R P Jhalani talked about Electronic System Design and Manufacturing (ESDM) sector in India and welcomed the initiative taken by DeitY to bring about a more transparent and conducive environment for small businesses. 
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