(a) whether the Government has launched/ proposes to launch the electronics development fund to encourage innovation in the electronics sector;
(b) if so, the details thereof;
(c) whether the fund may also be utilized to support acquisition of foreign companies and technologies for products imported in India;
(d) if so, the details thereof; and
(e) whether this fund would be available for implementing Digital India initiatives and if not the reasons therefor?
(a) and (b): Yes, Sir. Electronics Development Fund was launched on 15/02/2016 with an objective to support Daughter Funds including Early Stage Angel Funds and Venture Funds in the area of Electronics, Nano-electronics and IT.
(c) and (d): Yes, Sir. The Daughter Funds supported by Electronics Development Fund may also support acquisition of foreign companies and technologies for products imported in India in large volume.
(e): Yes, Sir. This fund will be available for promoting innovation and IP creation with in the country in the area of Electronics, Nano-electronics and IT, envisaged in Digital India Program.
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