India aims to surpass China in mobile manufacturing: Ravi Shankar Prasad

NewsBharati    14-Dec-2020 13:26:30 PM
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New Delhi, December 14:  After most of the mobile companies are opening their manufacturing factories in India , Telecom and IT minister Ravi Shankar Prasad said, India is now aiming to surpass China in the field of mobile manufacturing.
 
 
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He said that the government is looking to make India a hub of other electronic products as well with the expansion of the PLI scheme to other sectors.
 
Speaking at the annual general meeting of industry chamber FICCI he said that, "the government is looking to make India a hub of other electronic products as well with the expansion of the PLI scheme to other sectors. Now I am pushing India to surpass China. That's my goal and I am very clearly defining".
 
PLI is designed to propel India's stature and ease of doing business under the leadership of Prime Minister Narendra Modi to showcase India as an alternate manufacturing destination, Prasad said.
 
"PLI is designed to enable global champion companies to come to India and make Indian companies national champions," he noted.
 
The government has started a PLI scheme under which eligible companies can get sops of around Rs 48,000 crore.
It should be noted that India became the second-largest mobile manufacturing country in 2017.
 
The government has cleared 16 proposals from domestic and international companies entailing an investment of Rs 11,000 crore under the PLI scheme to manufacture mobile phones worth Rs 10.5 lakh crore over the next five years. The companies include iPhone maker Apple's contract manufacturers Foxconn Hon Hai, Wistron, and Pegatron, apart from Samsung and Rising Star. Domestic companies whose proposals have been approved include Lava, Bhagwati (Micromax), Padget Electronics (Dixon Technologies), UTL Neolyncs, and Optiemus.