Image Source: TRIBUNE

The government on Saturday said it will introduce a new scheme to encourage domestic manufacturing of mobile phones, electronic equipment, and semiconductor packaging in order to make India a part of the global manufacturing chain and boost employment opportunities.

"I propose a scheme focussed on the manufacturing of mobile phones, electronic equipment, and semiconductor packaging. The details will be announced soon," Finance Minister Nirmala Sitharaman said while presenting the Budget for 2020-21.

She added that with suitable modification, this scheme can be adapted for manufacturing of medical devices as well.

"India needs to manufacture networked products that will make it a part of the global value chain. This, in turn, gets more investments and generates more employment for our youth," Sitharaman said.