Electronics industry bats for govt support to small firms and startups

The fund is expected to be accessible to those foraying into electronics hardware manufacturing

The electronics and component manufacturing industry is expecting a Rs 100 billion credit guarantee scheme in an upcoming policy to support startups and small firms in the sector. There is also a proposal seeking tax benefits for high net worth individuals to attract more investments in the segment.

“One of the proposals considered for the new policy is the credit guarantee scheme. The idea is to impose a cess on electronics to create a Rs 100 billion fund. This will be similar to the Electronics Development Fund,” said Vinod Sharma, managing director of Deki Electronics and former president of the Electronic