Government received Rs.30,000 crore investment proposals in IT

New Delhi, Sep 6 (IANS) The government has received investment proposals worth Rs.30,000 crore for the electronics and IT industry in the last six months besides 15 proposals to set up electronics clusters.

"The government has already received 15 proposals to set up electronics clusters, out of which six have been approved and some of these have already started setting up these clusters," Ajay Kumar, joint secretary, Department of Electronics and Information Technology (DeitY) said at the electronica India 2013 and productronica India 2013.

"In last six months, the government has received investment proposals for around Rs.30,000 crore for the industry," he further stressed.

In the new Electronics Policy 2013, the government said that as an incentive to set up electronics manufacturing clusters, development of infrastructure and common facilities for electronics industry, it would bear 50 percent of project cost subject to a ceiling of Rs.50 crore for every 100 acres.


Get stories like this on the Yahoo app and discover more every day.
Download it now.