India, Feb. 1 -- Finance minister Nirmala Sitharaman in her budget speech on Saturday (February 1) said that the government will support the domestic electronic equipment industry.

As part of this, Sitharaman said that the Centre will formulate a national framework to guide states to promote global capability centres in the space in emerging tier-II cities.

"National framework will be formulated as guidance to states for promoting global capability centers in emerging tier-II cities, which will suggest measures for enhancing availability of talent and infrastructure, building by-law reforms, and mechanisms for collaboration with industry," the FM said.

She added that the Centre will provide support to develop domestic manufacturing cap...