In a recent union budget meeting, the Indian government surged expenditure for Digital India Programme by 23 per cent to INR 3,958 crore for the forthcoming Financial Year 2020-21.
With this move, the imminent outlay of the Digital India Programme will be more than the present financial year.
The increased outlay will be essentially allocated to research and development, electronic manufacturing, cybersecurity, improvement of manpower for the segment, and marketing of IT and IT-enabled services, according to BusinessLine.
The cited media report informs that as per the budget document the finance ministry had allotted INR 3,750.76 crore in the former budget but the same was altered plummeted down to INR 3,212.52 crore.
The government has been taking several initiatives on a continuous basis for the promotion of electronics manufacturing in the country to provide an enabling environment for the industry to compete globally. Electronics manufacturing is one of the important pillars of the Digital India Programme and the target to achieve net zero imports is a striking demonstration of intent, BusinessLine reported citing the budget documents.
The government has primarily enhanced funds for the marketing of Electronics and IT hardware manufacturing via altered electronics development reserve, electronics manufacturing cluster and special incentive package plan to INR 980 crore from the earlier INR 690 crore in the ongoing financial year. Besides this, under the Ministry of Electronics and IT, the research and development programme will be receiving 75 per cent spike in the fund in FY 2020-21 in contrast to INR 435 crore in the present fiscal.