India's goal of overtaking China in mobile manufacturing; Government's 'plan' prepared
By Lokmat English Desk | Published: December 14, 2020 07:22 PM2020-12-14T19:22:14+5:302020-12-14T19:22:14+5:30
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Union Telecom Minister Ravi Shankar Prasad reiterated at the FICC Annual General Meeting that India is committed to becoming the world's largest mobile manufacturing hub. India aims to overtake China in mobile manufacturing, he said
According to the Product Based Incentive (PIL) scheme, India aims to attract global companies as well as overtake China in mobile manufacturing, said Ravi Shankar Prasad. The center of electronic products to the country through the PIL scheme.
India became the world's second largest mobile manufacturer in 2017. After that, India's goal is to overtake China in this field, said Ravi Shankar Prasad very clearly.
The government has emphasized on making the electronics business more than Rs. 26 lakh crore by 2025. Of this, Rs 13 lakh crore is expected to come from the mobile manufacturing sector.
Ravi Shankar Prasad also said that the PIL scheme was launched under the guidance of Prime Minister Narendra Modi to make India number one in the mobile manufacturing sector. The main objective of this scheme is to bring the best mobile companies in the world to India.
Eligible companies can get incentives up to Rs 48,000 crore under the PIL scheme launched by the government.
Under the PIL scheme, the government has approved 16 contracts worth a total of Rs 11,000 crore between domestic and international companies. Through this agreement, Rs 10.5 lakh crore will be invested in the mobile manufacturing sector in the next five years.
