Electronics Sector
Transcription
Electronics Sector
Electronics Sector in India INVESTMENT & TECHNOLOGY PROMOTION DIVISION MINISTRY OF EXTERNAL AFFAIRS NEW DELHI Electronics • • • Indian Electronics System Design and Manufacturing (ESDM) industry is one of the fastest growing sectors in the country. Top 10 electronic products contributing about 70% by total revenue include: • Mobile Phones • Digital Camera • 4W EMS Changing global landscapes in electronics design and manufacturing capabilities, and cost structures have turned the attention of global companies towards India. • Flat Panel TVs • Inverters & UPS • LCD Monitors • Notebooks • Memory Cards & USB Drivers • Servers State of Play: − 65% of the electronics is currently imported; − 25-30% of the systems simply assembled; − less than 10% of the electronic systems are completely designed and manufactured in India. − Almost 100% of semiconductors are imported. • • Desktops Domestic production can cater to a demand of only $100 Bn by 2020… demand-supply gap of $300 Bn. Segment: 2020 Mkt. Size LED $35 bn Telecom Equipment $34 bn Laptops/Portables $34 bn Consumer Electronics Medical Electronics $29 bn $12 bn Set Top Boxes $10 bn Automotive Electronics $10 bn Electronics imports, are currently the 3rd highest, next to crude and gold. 2 State of Play of ESDM Industry • The different segments within the ESDM industry are at varying stages of development. The following 20 product markets accounts for 80% of the overall electronics revenues • Electronics applications markets such as telecom electronics, automotive electronics, consumer electronics and industrial electronics, are at different stages of ecosystem development. • Focus currently on providing impetus to take advantage of the dormant capabilities across the various electronics markets and developing the missing links to make local ESDM sector globally competitive. • • • • • • • • The ESDM industry in India comprises the following four key components: Products with tremendous growth potential: 1. Electronic Products 2. Electronic Components 3. Semiconductor Design 4. Electronics Manufacturing Services (EMS) • The first two represent products while the latter two highlight the services opportunities catering to the domestic and export markets. Mobile Phones Digital Camera LCD Monitors Set Top Box CFL Notebooks Memory cards and USB drivers • Base Stations • Routes / Switches • Digital Instrument Clusters • FPD TV • Inverters and UPS • Servers • Printers and FPDs Telecommunications (PON, GPON ONT) IT/OA (Tablets) Industrial Electronics (LED lighting) Payment Terminals Automotive Electronics (2W ignition) • • • • • • Energy Meters Desktops 4W EMS Power Supplies Car Radio Smart Cards 120% 54% 38% 19% 10% 3 India – Strengths and Opportunities STRENGTHS OPPORTUNITIES • Huge Consumption Market • • Strong Design and R&D Capability in Select Products Auto electronics, industrial etc. Significant Local Demand as a Influencer for Investment Attraction • Rising Manufacturing Costs in China Leading to India as Alternate Destination • Government Policies - MSIPS, EMC, local FABs etc., Favour Attracting Manufacturing Investments • Export Potential - huge consumption market in ME; emerging growth markets of North Africa and Latin America • Existing R&D Capabilities can be Encouraged to Develop ‘Made in India’ Products and Generate Local IP • Government Schemes a Good Demand Generator tablets for education sector, Digital India, broadband push etc. • Adequately Developed EMS Industry - to be a significant contributor to ecosystem development • Enormous Resident Talent in Semiconductor Design and Embedded Software 4 Manufacturing Opportunity The most common components that go into the Bill of Materials (BoM) for manufacturing electronic products include the following: • Power devices and semiconductors • Memory • LCD display • Processor • Printed circuit board (PCB) • Transformer 1. Semiconductors • Absence of a local fab implies complete reliance on imports for these components. • India’s FAB initiative is expected to usher at least 2 semiconductor fabs facilities in the foreseeable feature. • Given the numerous applications that require processing capability, creating an India-specific processor design, and fabricating them in local chips shall ensure a significant contribution to the local value addition. India Opportunity India Opportunity • Global hub for VLSI and board design • Strong third party design service providers • Huge domestic electronics consumption market • Presence of R&D and design centres of the top 23 global semiconductor majors 5 Manufacturing Opportunity (contd..) 2. Printed Circuit Board (PCB) • India has a good number of PCB manufacturers in the country. • However the local capability is restricted to producing single, dual and multi layered PCBs of up to 8-12 layers. • The PCBs needed in telecom, consumer and automotive applications, which require complex multi-layered PCBs are imported. • Need for design and manufacturing of multi-layered PCBs of up to 64+ layers. India Opportunity India Opportunity • PCB manufacturing capability exists locally • Strengths in single, dual layers • Capability to do multiple layers too for less complex applications • Export market exists 3. LCD Displays • • India possesses local design and manufacturing capabilities for some of the end use products. However, the cost of production of panels and its technology-intensive nature have kept India void of an LCD display assembling/manufacturing unit hitherto. High volume demand anticipated in the various products that consume displays, makes it pertinent to grow the ecosystem for LCD displays locally. India Opportunity • Huge consumption demand India Opportunity • End use product manufacturing through OEMS and EMS exists • Favourable incentives for panel manufacturing available under MSIPS 6 Manufacturing Opportunity (contd..) 4. Transformers: • Consumer and industrial electronics segments drive the demand for transformers. • Market is dominated by small scale indigenous manufacturers. • Reliance on import for raw materials, specifically copper. India Opportunity India Opportunity • Preferential excise duty for transformer manufacturing: tax rebates. • Subsidies on logistic costs of copper import to reduce product landed cost • Special interest loans for working capital for SME Products seeing the fastest growth 1. Set Top Box (STB): 2. Medical Electronics: Demand Drivers: Cable TV Networks (CTN) Amendment Bill 2011 mandates digitization of TV broadcasts pan India by 2014 & Introduction of HD channels and smart TVs. Demand drivers: Burgeoning middle-class, rising incomes, urbanization, rise in lifestyle diseases, and awareness about benefits of healthcare delivery system. Moreover, India’s healthcare expenditure is nearly 4% of the GDP. Technology: Hybrid STBs integrating video content from multiple signal sources - TV, premium VoD, and Internet-based video services, and providing value-added capabilities like time shifting, and distributing content to a variety of viewing devices including multiroom TV networks, personal computers, portable media players, and other mobile devices Technology for India: Development of miniaturized, multifunctional, ultra-low power, portable, and reduced cost devices for patient monitoring, imaging, implantable, therapeutic, and surgical requirements. Wearable devices to aid physicians offer extended care outside the clinical environment. 7 Products seeing the fastest growth (Contd..) 3. Auto electronics: • Auto Electronics industry…currently at a nascent stage • Lagging behind its foreign counterparts in terms of capacity and R&D capability. • Product conceptualization and designing of electronic components is typically undertaken by OEMs…Indian vendors focusing on assembling the imported parts. Potential: Investments in Auto Electronics • Cost of Auto Electronics content as % of total automobile cost in India is expected to double from 23% to 45% over the period 2010-2030 as per McKinsey ACMA Report 2015 • Companies exploring opportunities in India: Motherson Sumi Systems, Bosch India, Magnetti Marelli, Calsonic Kansei and Continental Automotive. • High-end car models feature more auto electronics with larger and more complex electrical systems. • • Electronic accessories in demand: Satellite navigation systems, remote security systems, ADAS, traffic control systems etc. Established foreign players: Johnson Controls and Denso have established presence in India through JVs. • India has close to 20 million passenger vehicles on the road. More and more consumers are looking for electronic features in their cars (parking cameras, tyre pressure warning systems, parking sensors etc. Target • Department of Electronics and Information Technology (GOI) has set an aggressive target of reaching US$10 billion market size in Auto Electronics by 2020 which is 3x the current market size. 8 Policy Initiatives Favorable eco-system Focus on innovation and R&D • The Indian Government has instituted a number of forward-looking policies to foster the growth of the Indian electronics ecosystem. • Policies aimed at holistic development of the ESDM industry by offering specific incentives for the development of each element in the value chain. These forward looking policy measures include: Promoting exports Strategies Focus on Human resource development National Policy on Electronics MSIP Scheme Fab policy EMCs and ITIRs Focus on strategic electronics Developing and mandating electronics standards Preferential Market Access Electronic Development Fund PhD Scheme Export Incentives 9 National Policy on Electronics • Achieve a turnover of $400Bn by 2020 by investing $100Bn and providing employment to around 28Mn. • Build a supply chain of raw materials, parts & electronic components and raise local production from present 20~25% to over 60%. • Develop & Mandate standards for electronic products. • Increase fund flow for R&D, seed & venture capital for start-ups in ESDM & nano-electronics. • Setting up of over 200 Electronic Manufacturing Clusters (EMCs). • Enhance skill availability: 2500 PhDs annually by 2020. Electronic Hardware Technology Park • For encouraging exports of electronic hardware items Duty free import of inputs as required by it for manufacture, services, production and processing. 100% FDI, excise duty free on indigenous goods. Sales are deemed exports and will get benefits under the Foreign Trade Policy. • Export profits 100% tax exempt • DTA sales permissible up to 50% of FOB value of exports, subject to fulfilment of positive NFE(Net Foreign Exchange) • This scheme is a part of India’s Foreign Trade Policy 2015-20 10 MSIP Scheme Modified Special Incentive Package Scheme (MSIPS) - 2015: • Promotes investments in the Electronic System Design & Manufacturing (ESDM) sector • To avail scheme, application to be sent to Dept. of Electronics & IT. Financial incentives include: • Subsidy of 25% on Capex if the ESDM unit is in non-SEZ. • Subsidy of 20% on capex if within SEZ. • Capex subsidy available for investments made within 10 years from date of approval. • 200% deduction on R&D for setting up electronic chip manufacturing unit • Reimbursement of CVD/excise on capital equipment for non-SEZ units. • Reimbursement of central taxes and duties (like custom duties, excise duties and service tax) for 10 years in select high- tech units like Fabs, Semiconductor Logic and Memory chips, LCD fabrication. • Refund of capex for new units or for expansion of more than 25% of existing capacity in a DeitY Notified Greenfield or Brownfield Electronics manufacturing cluster for production of products across ESDM value chain. 11 MSIP: Manufacturing List - 2015 ELECTRONIC PRODUCTS • Telecom products: Optical fibers and optical fiber cables, headends. • IT Hardware products : Automatic Teller Machines(ATMS). • Consumer Electronics: Audio Video Products, Electronic Watches and Clocks, electronic toys, wearable electronics, electronic personal care products. • Automotive Electronics: Brushed DC Motors, etc. • Bio-metric and identity devices/RFID: Smart Card manufacturing and personalization • Consumer Appliances like Refrigerators, ACs, Fully Automatic Washing Machines, Microwaves Oven, etc. • Machine to Machine (M2M) and Internet of Things (IoT). • Home Fuel Cells. • Multi-functional electronic devices • Semiconductor Equipment such as Automatic Test Handler, Pick and Place Machines, Test Head Manipulator and their accessories like Test Sockets, Probe cards, ATE Load Boards, Conversion Kits, Docking Mechanisms • Electronics security devices- including CCTV/Surveillance equipment, Access control, intruder alarms, etc. • Electronic product design including PCB design 12 MSIP: Manufacturing Vertical…2 INTERMEDIATES • Electroplating, small precision plastic and metal parts, tools, molds & dies • Liquid Crystal Module (LCM) • Organic Light Emitting Diodes (OLED) • Chip Modules for Smart Cards • Analog/Mixed Signal Semiconductors Chips RAW MATERIALS EXCLUSIVELY FOR ELECTRONIC PRODUCTS CAPITAL EQUIPMENT FOR ELECTRONIC PRODUCTS REMANUFACTURING OF ELECTRONIC PRODUCTS 13 Semiconductor Policy • 25% subsidy on capital expenditure and growth capital expenditure. • Reimbursement of CVD and excise duty. • Exemption from basic customs duties and 200 per cent deduction on R&D activities. • • 2 units approved, in Gujarat and Noida, investment of over 60,000cr by two consortiums Jaiprakash Associates Ltd, IBM and Israel-based TowerJazz, Rs.29,000 crore unit in Greater Noida Hindustan Semiconductor Manufacturing Corp, French-Italian STMicroelectronics NV and Malaysiabased Silterra, Rs.34,000-crore facility in Prantij, near Gandhinagar. Other incentives such as reimbursement of training costs, deduction for income tax and various forms of viability gap funding. • Analog Semiconductor Fabrication (FAB) Investment Policy 2015, Madhya Pradesh 14 Semiconductor Design Market State of Play: • Almost all semiconductor MNCs have significant amount of design activity from India. • Multiple design houses are also either doing full chips or supporting the design activity of the MNCs. • Nearly 2,000 chips are being designed every year in India and more than 20,000 engineers are working on various aspects of chip design. • More than 120 companies in India are focused on semiconductor design for global products. This design industry has witnessed a robust growth of 17.3 per cent since 2009 and today boasts of a 510% share of the global pie. By 2020, semiconductor design market in India is expected to increase by a CAGR of 29.4% to US$ 52.6 billion. India, today consumes over $10 billion of semiconductor products every year. 15 EMC • Electronics Manufacturing Clusters (EMC) scheme aims to make India a global player in the field of Electronics Manufacturing by providing world-class infrastructure for attracting investments in the Electronics Systems Design and Manufacturing (ESDM) Sector • Scheme provides grant assistance for setting up of both Greenfield and Brownfield EMCs across the country. • Financial assistance under the scheme is in the form of grant-in-aid only. • The Scheme was notified vide notification no. 252 dated 22nd October, 2012 and is open for 5 years for receiving applications from the date of notification. Setting up Electronic Manufacturing Clusters: • Greenfield EMCs, 50% of the project cost will be provided, subject to a ceiling of Rs. 50 crore for every 100 acres of land. − Greenfield projects approved: In-principle approval: 2 each in West Bengal, Uttar Pradesh, Telangana, Tamil Nadu, Gujarat and Andhra Pradesh and 1 each in Bihar, Chhattisgarh, Kerala, Odisha and Rajasthan. Final approval: 2 in Madhya Pradesh, 1 in Rajasthan and 1 in Jharkhand • Brownfield EMCs, 75% of the project cost will be provided, subject to a ceiling of Rs. 50 crore. − Brownfield projects approved: In-principle approval for 2 in Karnataka and 2 in Maharashtra 16 Information Technology Investment Regions (ITIRs) • Information Technology Investment Regions (ITIRs) are self contained integrated townships to accelerate growth of IT / ITeS / Electronic & Hardware Manufacturing industry (EHM). • As per the policy, minimum area of 40 sqkm should be delineated for ITIR. • Non-processing area, to include residential, commercial and other social and institutional infrastructure. • As on today, Department of Electronics & Information Technology, Govt. of India had notified setting up of ITIRs near Bengaluru and Hyderabad. • Out of the total delineated area, 40% should be earmarked for processing zone and remaining area for non-processing zone. • Processing zone would comprise of IT / ITeS and EHM Units, along with associated logistics and other services and required infrastructure. 17 Preferential Market Access (PMA) • Preference for domestically manufactured electronic goods in Govt. procurement • Procurement will not be less than 30 % of the total procurement. • WTO compatible & no discrimination between foreign & Indian companies in procurement. Notified List (2015) 1. Notebooks & Netbooks 2. Tablets 3. Desktops 4. Servers 5. Printers 6. Keyboards 7. Monitors 12. Scanners 8. Storage USBs, Memory Cards 13. Faxes 9. CCTVs, Surveillance Cameras 10. ATMs 11. Photocopiers 14. Smart Cards 15. Mobile Handsets 16. Handheld Terminals 17. PC Projector 18. POC based devices Directorate General of Supplies and Disposals (DGS&D) and National Informatics Center Services Inc. (NICSI) have been designated as the nodal agency for providing preference to domestically manufactured electronic goods in all government procurements. Guidelines for PMA, as well notified items under Telecom (number 24) can be accessed from: http://deity.gov.in/sites/upload_files/dit/files/R_G_U_16_11_2015.pdf 18 Electronics Development Fund • EDF will help create ecosystem for electronics R&D. • Set up as a “Fund of Funds” to participate in “Daughter Funds” which in turn will provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and Information Technology (IT). • The EDF would take minority participation in Seed Funds, Angel Funds and Venture Funds dedicated in this area. • Recently operationalized – 2015 as a part of Digital India Programme with the objective of net zero imports. • The policy will be available for approval of new Daughter funds up to 31.3.2017. • They will also support acquisition of foreign companies and technologies for products imported in India in large volume 19 PhD Scheme for Electronics & IT • Objective: Enhance number of PhDs in Electronics System Design and Manufacturing (ESDM) and IT/IT Enabled Services (IT/ITES) sectors in the country. • Launch: 2014 effective for 9 years. • Expenditure: Rs. 466 crores Salient features of PhD Scheme: • Thrust to R&D, create an innovative ecosystem and enhance India’s competitiveness in these knowledge intensive sectors. • Support 3000 PhD Candidates – 1500 each in ESDM and IT/ITES sectors respectively - both Full-Time (500) and Part-Time (1000) . • Support 200 Young Faculty Research Fellowships in the areas of ESDM and IT/ITES - objective to retain and attract bright young faculty members in these sectors. • The scheme is also expected to encourage working professionals and non-PhD faculty members to pursue PhD. 20 Export Incentives • Peak rate of Basic Customs Duty (BCD) is 10%. • BCD on 217 tariff lines covered under the Information Technology Agreement (ITA) of WTO is 0%. • BCD on specified raw materials / inputs used for manufacture of electronic components and optical fibres and cables is 0%. • BCD on specified capital goods used for manufacture of electronic goods is 0%. • Goods required in the manufacture of ITA items exempted from BCD. • Special Additional duty of Customs (SAD) has been reduced from 4% to Zero for all goods except populated PCBs, falling under any Chapter of the Customs Tariff, for use in manufacture of ITA bound goods (vide Notification No. 11/2015-Customs dated 01.03.2015). • Focus Product Scheme (FPS) – Duty Credit 2% of FOB. • Special Focus Product Scheme (SFPS) – Duty Credit 5% of FOB. • Focus Market Scheme (FMS): To offset high freight cost and other externalities to select markets – Duty Credit of 3% of FOB. • Special Focus Market Scheme (SFMS): Exports to 41 countries would be incentivized - Additional 1% duty credit over and above the duty credit granted under FMS. • Apart from the above, each State in India offers additional incentives. Some States have separate policies for electronics. 21 Export Incentives Mobile Handsets Medical Electronic Products • Parts, components and accessories for the manufacture of mobile handsets; sub-parts for the manufacture of such parts and components are exempted from BCD and Excise Duty. • Excise Duty / CVD and SAD is exempted on specified raw materials for use in the manufacture of Pacemakers. • Differential Excise Duty dispensation is available to Mobile Handsets i.e. Countervailing Duty (CVD) @12.5% and Excise Duty @1% without CENVAT credit or 12.5% with CENVAT credit. • BCD on certain specified inputs for use in the manufacture of Flexible Medical Video Endoscopes has been reduced from 5% to 2.5%. • BCD reduced to 2.5% with 6% CVD and Nil SAD on parts of Blood Pressure Monitors and Blood glucose monitoring systems (Glucometers) on actual user basis. 22 Export Incentives Manufacturing of TVs Set Top Boxes (STB) Tablet Computers • Basic Customs Duty (BCD) has been reduced to 0% on the following: • BCD on imports of STBs increased to 10%. • Parts, components and accessories for use in the manufacture of tablet computers and their sub-parts for use in manufacture of parts, components and accessories are exempted from BCD, CVD and Special Additional Duty of Customs (SAD). LCD, LED or OLED TV Panels; Colour Picture Tube. Specified parts of LCD and LED TV Panels (including open cell, plate diffuser, film diffuser, back light unit module). • The domestic STB manufacturers had to pay CST equivalent to VAT rate (typically 12.5%). This has been resolved by extending the facility of Form ‘C’ to STBs vide O.M of Department of Revenue dated 13th August, 2014. • Differential Excise Duty dispensation is available to Tablet Computers i.e. CVD @12.5% and Excise Duty @2% without CENVAT credit or 12.5% with CENVAT credit. 23 What is Digital India? • To make India ready for a knowledge-based future. Digital Infrastructure as a Core Utility for Every Citizen • Focus of the Rs 1.13 lakh crore (appx. US$ 17 billion) initiative is on using technology to create a participative, transparent and responsive government. • Providing high-speed internet, mobile phone and bank account enabling participation in digital & financial space; shareable private space on a public cloud, and creating a safe and secure cyber space. Governance and Services on Demand • Seamless integration across departments/jurisdictions • Ensuring availability of services in real time from online and mobile platforms for ease of doing business, leveraging geographical information systems (GIS) etc. Digital Empowerment of Citizens • Take digital literacy to the next level • Providing digital resources in Indian languages, citizens not required to submit physical documents, etc. 24 9 Pillars of Digital India 25 9 Pillars of Digital India 1. Broadband Highways 2. Universal Access to Phones • Broadband for All – Rural: 2,50,000 village Panchayats to be covered under the National Optical Fibre Network (NOFN) by Dec 2016. • • Broadband for All – Urban: Virtual Network Operators would be leveraged for service delivery and communication infrastructure in new urban developments and buildings would be mandated. • National Information Infrastructure (NII): NII would integrate the network and cloud infrastructure in the country to provide high speed connectivity and cloud platform to various government departments up to the panchayat level. Plan seeks to provide mobile coverage in a phased manner to the remaining 55,619 villages in the country. The total project cost will be around Rs.16,000 Cr (appx. US$ 2.3 billion) during 2014-18. 3. Public Internet Access Programme • Common Service Centres (CSCs): CSCs would be strengthened and increased from the current 135,000 to 250,000. CSCs – one in each Gram Panchayat, would be made viable & multifunctional end-points for delivery of government services. • Post Offices as Multi-service centres: 150,000 Post Offices to be converted into multi service centres. 26 9 Pillars of Digital India 4. E-governance: 5. E-Kranti: • • Plan seeks to provide mobile coverage in a phased manner to the remaining 55,619 villages in the country. The total project cost will be around Rs.16,000 Cr (appx. US$ 2.3 billion) during 2014-18. • The biggest programme within Digital India and focusses on a mobile-first approach. • Integration of services and platforms e.g. Aadhaar platform of Unique Identity Authority of India (UIDAI), payment gateway, Mobile Seva platform etc. • There are 44 Mission Mode Projects under e-Kranti, which are at various stages of implementation. • E-education: Free wi-fi in all schools and providing massive online open courses (MOOCs) • E-healthcare: online medical consultation, online medical records, online medicine supply, pan-India exchange for patient information, etc. • Technology for farmers: real time price information, online ordering of inputs and online cash, loan, and relief payment with mobile banking. • Technology for security: Mobile based emergency services and disaster related services on real time basis. • Technology for cyber-security: National Cyber Security Co-ordination Centre would be set up to ensure safe and secure cyber-space within the country. • Technology for financial inclusion: Through use of mobile banking, Micro-ATM program and CSCs/ Post Offices. • Technology for Justice: e-Courts, e-Police, e-Prosecution etc. • Online applications and tracking, Form simplification and field reduction. Online repositories - Use of online repositories (e.g. for certificates, educational degrees, identity documents, etc.) so that citizens are not required to submit these documents in physical form. E-Kranti: Transforming E-governance for Transforming Governance 27 9 Pillars of Digital India 6. Information for all: 7. Electronics Manufacture: • Open Data platform: http://data.gov.in facilitates proactive release of datasets in open format by the ministries/departments for use, reuse and redistribution. Provides open and easy access to information for citizens. • • Engagement through social media: Proactively engage through social media and web based platforms to inform and interact with citizens. • • MyGov.in: This website crowdsources ideas from the public for design of programmes such as better traffic management, using big data for making cities smarter etc. Online messaging: Online messaging to citizens on special occasions/programs would be facilitated through emails and SMS. This pillar focuses on promoting electronics manufacturing in the country with the target of NET ZERO Imports by 2020 as a striking demonstration of intent. 8. IT for Jobs: • This pillar focuses on providing training to the youth in the skills required for availing employment opportunities in the IT / ITES sector. Components of this pillar include: • Train 10 million students from smaller towns & villages for IT sector jobs over 5 years. • Setting up BPOs in every north-eastern state to facilitate ICT enabled growth in these states. • Training 300,000 service delivery agents as part of skill development to run viable businesses delivering IT services. • Training 500,000 Rural Workforce on Telecom and Telecom related services 28 9 Pillars of Digital India 9. Early Harvest Programmes: • IT platform for sending messages. • E-greetings portal on Mygov.in • Biometric attendance. • Wi-fi in all universities. • Secure email for government officials. • Standardized government email design. • Public Wi-fi spots in all cities with 1 million population and at tourist hubs. • School books to be e-books. • SMS-based weather information and disaster alerts. • National portal for lost and found children http://khoyapaya.gov.in/mpp/home 29 Digital India investment opportunities • Building broadband infrastructure • Creating identity solutions, payment systems, web or mobile based delivery structures etc. • Cybersecurity • Healthcare - telemedicine and remote health • Smart Cities – 100 smart cities program already announced. Digital India: Investments announced • Reliance Industries Ltd: US$ 39.3 billion • Bharti Airtel: US$ 15 billion • Aditya Birla Group: US$ 7 billion • Vedanta (Sterlite Tech): US$ 6 billion • Vodafone: US$ 2 billion • ADA Ltd: US$ 1.4 billion • Make in India - Electronics Manufacturing - For India to transition to a digital future, it is imperative that a greater proportion of its consumption is serviced locally. 30 THANK YOU INVESTMENT & TECHNOLOGY PROMOTION DIVISION 31