Electronic Development Fund

Proposal to create Electronic Development Fund

by sagarmedia on March 27, 2012 Electronic Development Fund Shri Sachin Pilot, Minister of State for Communications & Information Technology informed the Rajya Sabha yesterday that in the draft National Policy on Electronics, it has been proposed to create an Electronic Development Fund. This fund would promote innovation, IP, R&D, commercialization of products, etc. in the sectors of Electronic System Design and Manufacturing (ESDM), nanoelectronics and IT by providing appropriate funding/incentives to Industry/ Academic/ R&D institutions.
The Minister said the draft National Policy on Electronics proposes to provide incentives for setting up of over 200 Electronic Manufacturing Clusters (EMCs) with world class logistics, infrastructure and easy-to-do-business facilities. The support is intended to facilitate setting up of greenfield EMCs and upgradation of brownfield EMCs.