SME Times is powered by   
Search News
Just in:   • India to showcase power sector achievements at BRICS energy ministers’ meet  • FPIs pump in Rs 8,831 crore into Indian equities, highest single-day inflow since March  • India willing to remove 100 pc tariffs on US goods: Donald Trump  • South Korea holds bilateral trade talks with 14 partners at APEC meeting  • GeM empowers over 1.85 lakh women-led MSMEs, 31,005 startups: Piyush Goyal 
Last updated: 27 Sep, 2014  

Electronics.9.Thmb.jpg Govt to review policy on domestically manufactured electronics goods

Electronics.9.jpg
   Top Stories
» FPIs pump in Rs 8,831 crore into Indian equities, highest single-day inflow since March
» GeM empowers over 1.85 lakh women-led MSMEs, 31,005 startups: Piyush Goyal
» Sensex, Nifty open lower on mixed global cues
» Indian stock market ends higher, defence sector remains resilient
» Need to further strengthen financial inclusion initiatives: FM Sitharaman
SME Times News Bureau | 09 Jul, 2013

The government Monday said it has decided to review the policy for providing preferential market access (PMA) to domestically manufactured electronic goods, especially in the private sector.

The decision was taken at a meeting held Friday at the Prime Minister's Office (PMO) and attended by the National Security Advisor, the Cabinet Secretary, the Principal Secretary to Prime Minister and officers of all ministries concerned.

“Concerns have been raised in many quarters on different aspects of the PMA Policy, particularly policy relating to procurement by the private sector for electronic products with security implications,” said an official release.

“The entire policy on providing preference to domestically manufactured electronic goods will be revisited and reviewed. The overall policy on PMA will be recalibrated and submitted to the cabinet," it said.

“DeiTY (Department of Electronics and IT) will bring a final note to the cabinet on the revised policy within four weeks.”

The PMA Policy has two aspects, one relating to government procurement and the other relating to private sector procurement.

Notifications giving the guidelines regarding PMA in government procurement for products covered by DeitY and Department of Telecommunications (DoT) have been issued to all ministries. The DeitY and DoT have notified six and 23 products, respectively.

The National Security Council Secretariat will provide a definition of "security" for usage in the context of security related issues concerning products, projects or sectors.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Indian electronics
Dilip Jhaver | Wed Jul 10 04:34:47 2013
The basic issue for PM and Sonia and other high officials and their associates is, "How could they benefit-personally, and collectively". It is still convenient to import from China, bribe customs, and sell at handsome profits, without hassle of manufacturing. Trying to make money at SME level is impossible in India. The bribes to pay and long development time. By the time your factory is up, it is outdated. Ask Tatas how it works even for the big company. And, fate of Walmart when it cannot pay bribes.


 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter