New Delhi, Feb. 19 -- The Union Cabinet on Tuesday gave its approval to the National Policy on Electronics 2019 (NPE 2019), proposed by the Ministry of Electronics and Information Technology (MeitY), Finance Minister Arun Jaitley told reporters here. The Policy envisions positioning India as a global hub for Electronics System Design and Manufacturing - (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally. The NPE 2019 envisages creating eco-system for globally competitive ESDM sector: Promoting domestic manufacturing and export in the entire value-chain of ESDM, providing incentives and support for manufact...