Know about the electrical, electronics and optical industries in India.
The Government of India is working on an export-oriented policy for Electronic products. The idea behind this policy is to promote greater exports of electronics and drive larger investments by setting up port-based electronic manufacturing clusters. The government has set up Electronic Hardware Technology Parks (EHTPs), Special Economic Zones (SEZs). It has also paved the way for favourable FDI.
India has the fifth largest power generation capacity in the world. The country ranks third globally in terms of electricity production. Electricity production in India reached 584.22 Billion Units (BU) during April-September 2016.
The government has provided a lot of support for the growth in the power sector It has de-licensed the electrical machinery industry and, also allowed 100 per cent Foreign Direct Investment (FDI) in the sector.
Companies like Apple Inc, Panasonic Corporation, BSH Home Appliances Group, Mahindra & Mahindra Ltd., ReNew Power and many more companies have invested in the electrical and electronics sectors.
The optical sector in the country has seen investment from companies such as carl Zeiss, Bausch and Lomb, Johnson & Johnson and other players.
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