FM proposes scheme for manufacturing cell phones, semi conductors, electronic devices

Finance Minister Nirmala Sitharaman on Saturday (February 1) proposed a scheme for manufacturing cell phones, semi conductors and other electronic devices.

In her second Budget presentation, the finance minister said, India needs to boost domestic manufacturing and attract investment in electronic manufacturing. The vision of the government is to make each district an export hub, Sitharaman said.

The government aims to facilitate clearances even at the state level and also set up investment clearance cell to give investors free investment advisory, she added.

Sitharaman also said youth and fishery extension work will be enabled by rural youth as Sagar Mitra’s and 500 fish farmer organisations will be set up. She further said milk processing capacity will be doubled by 2025.