The Union Cabinet has approved Production Incentive Scheme for Large Scale Electronics Manufacturing. To boost domestic manufacturing and to attract large investments in mobile phone manufacturing, the Government of India has proposed production linked incentives through Production Incentive Scheme. Government will invest Rs 20 lakh crore in this sector to provide employment to 25 lakh people in next 5 years. It has also approved financial assistance to the Modified Electronics Manufacturing Clusters Scheme (EMC2.0) for development of world class infrastructure through Electronics Manufacturing Clusters.
Some other key approvals of the Union Cabinet are:
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