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Government to set up fund to promote R&D in IT sector
Wednesday May 09, 2012 10:12:18 PM,
IANS
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New Delhi: The government is planning to set up an
electronic development fund to promote innovation and
commercialisation of products in the IT sector.
"Under the draft National Policy on Electronics 2011, it has been
proposed to create an electronic development fund to promote
innovation, R&D, commercialisation of products in the IT sector,"
Minister of State for Communications and IT Sachin Pilot told the
Lok Sabha.
The policy also proposes to provide incentives for setting up of
over 200 electronic manufacturing clusters (EMCs) with world class
logistics and infrastructure and easy to do business facilities.
The support is intended for greenfield EMCs and upgradation of
brownfield EMCs.
The draft national policy was announced in October 2011 and put in
public domain for consultations. The policy has not yet been
finalised.
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