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Aug 01, 2020

Ravi Shankar Prasad invites global mobile manufacturing stalwarts to intensify manufacturing in India

India is poised to become a global electronic manufacturing hub. Briefing the media in New Delhi today, Union Electronics Minister Ravi Shankar Prasad informed that the government has received a warm response to the production linked incentive scheme it had rolled out to boost electronic manufacturing in the country. He also invited global mobile manufacturing stalwarts including Apple and Samsung to intensify manufacturing in India.

The Minister highlighted the key points, including ease of doing business in the country, strong and popularly elected democratic government , availability of skilled and semi-skilled human resource and a huge domestic market potential. He said with these strong attributes India has the capability to emerge as the world leader in electronics manufacturing.  Mr. Prasad informed that 22 companies have applied under the incentive scheme for manufacturing in the country apart from 40 others who have applied for component manufacturing.

The Minister also stressed on development of a deep supply chain in the country. He informed that the domestic value addition due to these manufacturing has increased nearly to 40 per cent from 20 per cent. He said electronic manufacturing units in the country have increased from 6 crore to nearly 33 crores in a short span of time. Mr. Prasad said, the sector will generate 3 lakh direct and 9 lakh indirect jobs in the country.

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