"The policy is expected to create an indigenous manufacturing eco-system for electronics in the country. It will foster the manufacturing of indigenously designed and manufactured chips creating a more cyber secure ecosystem in the country," said an official statement. Under the scheme, government will provide incentives up to Rs 10,000 crores during the 12th Five Year Plan period (2012-17).
"The projects with incentives of Rs 10,000 crore have potential to create employment for nearly 0.5 million persons," the statement said.