Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-02-22

ED Fund to fuel tech-innovation

The electronics development fund is going to be setup to promote innovation, research and development (R&D), intellectual property (IP) and manufacturing in the electronics sector.

ED Fund to fuel tech-innovation

Ajay Kumar, Joint Secretary in the Information technology department, said at a Semiconductor (Semicon) Conference that the Central government is in the process of setting up an electronics development fund. “The electronics development fund is going to be setup to promote innovation, research and development (R&D), intellectual property (IP) and manufacturing in the electronics sector. This will help India become a major global producer of electronic goods and meet the rising domestic and export demand,” he said.


Referring to the niche the Indian software and business process outsourcing (BPO) services had created worldwide; Ajay Kumar said the time has come to demonstrate leadership position by building capabilities in IC (integrated circuit) design, IC fabrication and design and manufacturing of electronics products.

The demand for electronics goods is growing exponentially from diverse sectors such as telecom, IT, power, automobile and consumer electronics.

The department had also set up a peer review committee in January to study the recommendations of its task force on modifying the special incentive package scheme (SIPS) of 2007, which elicited a lukewarm response from the fledgling semiconductor industry.

The three-year-old package (SIPS) was unveiled to address the disability costs faced by the electronic manufacturing units due to higher costs of logistics, energy and transactions. As part of the scheme, the government had also proposed to provide support up to 20 percent for units under SEZ (Special Economic Zone) and 25 percent for units outside it, with threshold investments of Rs.2,500 crore for fab (fabrication) units and Rs.1,000 crore for the eco-system units.

Related opportunities
  • Others Food Service
    About Us: Barista is pioneer in coffee culture in indiastarted in..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2014
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Format Investment Brand Fee Space Staff Expected Monthly..
    Locations looking for expansion West Bengal
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Tea And Coffee Chain
     About Us: Paparoti: Malaysia’s leading coffee chain popular for its innovative buns...
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Theme Restaurants
    About Us: The Chinese Club, located in the New York City,..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads