Centre clears Rs 3,300-cr investments in electronics

 The Centre on Friday approved the first set of investment proposals worth Rs 3,300 crore under its ambitious National Policy on Electronics.

The investment proposals cleared by government for electronics production include Rs 544 crore from Bosch Electronics in automotive electronics segment, Rs 406 crore from Samsung Electronics for manufacturing of mobile phones in the country and Rs 11.1 crore from Indian firm Sahasra Electronics for manufacturing LED lights in Noida.

Samsung and Bosch will each get 25 per cent subsidy benefit while Sahasra will get 20 per cent benefit on investment under the policy. Investment proposals amounting to Rs 2,327 crore for setting up three new electronics clusters were also approved.