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Government to formulate new electronics policy

NEW DELHI: The government today said it is planning to come out with a new electronics as well as a software product policy and will set up innovative zones for startups.

"We will be shortly laying down the new electronics policybecause between the old policy and (now), India under Narendra Modi has changed completely. Therefore, to boost electronics manufacturing, we will come up with new policy,"Law and IT minister Ravi Shankar Prasad today said.

The first National Police on Electronics was formulated in 2012 and approved by the Cabinet in 2013.

Prasad said the new policy will look at growth areas in electronics manufacturing segment.

"There is need to look at inward software market.Therefore we will come with a new software product policy and we are going to have framework for data security and protection policy," Prasad said.

He said there is consensus between the government and the industry to explore intersection between Digital India and startups for which the government will set up an innovative zone.

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