Union communication and IT Minister Ravi Shankar Prasad said on Monday that India has now set a target to overtake China in mobile manufacturing. The Production-linked Incentive (PLI) scheme will help in achieving this goal. The Union Minister said that many global mobile manufacturers have been attracted by this scheme.
Focus on other electronic products too
Speaking at the annual general meeting of the Industry chamber FICCI, the Union Minister said that the government is also considering making India a hub for manufacturing other electronic products. For this, the PLI scheme is also implemented for other sectors.
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The Union Minister said that we wanted India to become the second-largest mobile manufacturer in the world. In 2017 India became the second-largest mobile manufacturing country. Now India is focusing on surpassing China and become the biggest manufacturer of mobiles in the world. The Union Minister said that this is my goal and I am clearly defining it.
Target of Rupees 26 lakh crore
The Union Minister said that by 2025, it has been envisaged to reach the turnover of electronic manufacturing to Rs 26 lakh crore. For this, the National Policy of Electronics 2019 has been made. Of this, a turnover of Rs 13 lakh crore is expected to come from the mobile phone segment. Prasad said that the PLI scheme has been designed to promote ease of doing business and increase India’s stature in the international market.
PLI scheme designed to bring global companies to India
Ravi Shankar Prasad said that the PLI scheme has been designed to ‘bring global champion companies to India’ and ‘make Indian companies national champions’. Companies eligible under the PLI scheme can get incentives of up to Rs 48 thousand crore. Under this scheme, the government has approved 16 investment proposals of 11 thousand crore rupees from domestic and international companies. According to these proposals, mobiles worth Rs. 10.5 lakh crore will be manufactured in the country in the next five years.
The proposals of these companies got approval
Under the PLI scheme, proposals of Apple’s contract companies Foxconn, Wistron, Pegatron, as well as proposals from international companies such as Samsung and Rising Star have been approved. At the same time, proposals for domestic Lava, Micromax, Padget Electronics (Dixon Technology), UTL Neolinks and Optimus have been approved.