MUMBAI: Telecom Minister Ravi Shankar Prasad announced a fund of funds to boost electronic manufacturing at the Make In India conference on Monday. The Rs 10,000 crore fund would be invested to promote innovation, research and product development in electronics, nanoelectronics and IT. It may also be used to support foreign acquisition of technologies, he said.Electronic manufacturing investment that was pegged at $2 billion a couple of years ago, when Prasad took over as minister, had now grown to $20 billion, largely backed by the spurt in mobile phone manufacturing."Most major companies like Foxconn and Qualcomm are now in India because they see the opportunity this market presents," Prasad said.Manufactures were now being offered incentives to be at par with Indian makers if they manufacture locally for the Indian market , and equitable export incentives if investors make products in India to be shipped overseas, Prasad said.Speaking to delegates of the conference, Prasad said he has ironed out access issues, and potential investors in telecom or Information Technologies were welcome to reach out to him directly for regulatory hurdles.