The government has launched three new electronics manufacturing schemes aimed at strengthening domestic manufacturing of mobile phone manufacturers and increasing employment in the sector. TaxfillingIndia.com, a leading online portal for online legal registration anywhere in India
The government has announced three new electronic manufacturing schemes that will encourage investment in India’s electronics sector. The government aims to increase domestic value-adding in mobile phones by 35-40% by 2025. These new incentives will help offset the current challenges faced by the Indian electronics manufacturing industry and also strengthen the ecosystem. The three schemes will be worth a total of Rs 50,000 crore. The government is also focusing on the creation of quality infrastructure in electronic manufacturing parks, which will create jobs and boost the economy.
The government’s Electronics Manufacturing Scheme includes three initiatives, each of which will offer incentives worth Rs 50,000 crore. Each of these initiatives is aimed at increasing production in electronics, with a target of $106 billion by 2018-19. The goal for exports of electronic components is $77 billion a year. The largest incentive under the scheme is the Production linked Incentive scheme, which has a total value of Rs 40,000 crore. The incentives are designed to encourage the manufacture of large-scale mobile devices.
The government’s goal is to increase the country’s manufacturing capacity by attracting more foreign investors to the country. This initiative is also intended to help India compete with other Asian countries in the global electronic market. If these incentives are implemented, India will have an advantage over many Asian nations. The Indian government will be able to attract a large number of high-quality workers who will bring new jobs to the country.
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It is the responsibility of manufacturer to get the products tested from any BIS
recognised laboratory. Such products will be picked up from the market or
from the local representative of the foreign manufacturer during surveillance.
The time period of testing is depending upon the work load of the laboratory
chosen by the manufacturer and submission of requisite technical details by
the manufacturer for testing the product. Samples for initial registration can be
submitted directly to the labs by the Manufacturer.
The Bureau grants the licence based on successful assessment of the manufacturing infrastructure, process controls, quality control and testing capabilities of the manufacturer
through a visit to its manufacturing premises. Conformity of the product to the relevant standard(s) is also established through third party laboratory testing or testing in the manufacturing premises or a combination of both.
Average time taken for grant of licence under option-2 is generally one month and under option-1 four months from the date of receipt of complete application and its recording. It
may vary for reasons like delay in response to queries raised, if any; organizing inspection(s); sample deposition, and fee dues, etc.
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