The government has set a target of rolling out optical fibre network across 50,000 village panchayat by the end of this financial year, 1 lakh more by March 2016 and another 1 lakh by the end of 2016.

Regarding electronic manufacturing, Prasad said foreign companies manufacturing in the country are entitled to all the benefits given by the government. "We have come up with lots of incentives, electronics clusters have been opened in many states...if you invest $100, we will give you $25," Prasad said.

Under the Modified Special Incentive Package, government provides subsidy for investments in capital expenditure with a limit of 20 per cent for investments in Special Economic Zone and 25 per cent in non-SEZs. The government is making efforts to boost electronics manufacturing in the country.

India imported telecom products worth Rs 69,516.37 crore in 2013-14 while exports of such items were at Rs 20,475.17 crore during the year, leaving a significant deficit of Rs 49,041.20 crore.

Prasad said the government has opened up Electronic Development Fund to support electronics manufacturing in the country.

The government is also working on a policy to give incentives to business processing outsourcing centres in rural areas and non-metro towns, he said.

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