India is targeting to surpass China in the area of mobile-phone production to become the world’s largest mobile phone manufacturing hub, Union Minister Ravi Shankar Prasad said on Monday.
He stated that the government aims to make India a centre of other electronic products as well with the growth of the production-linked incentive scheme to other sectors.
“We wanted India to become the second-largest mobile manufacturer in the world. Now I am pushing India to surpass China. That’s my goal and I am very clearly defining it,” Prasad said at the annual general meeting of industry chamber FICCI.
India was ranked as the second-largest mobile manufacturing country in 2017.
The National Policy on Electronics 2019 (NPE) foresees an electronic production turnover of more than 26 lakh crore rupees by 2025, out of which 13 lakh crore rupees are expected to generate through the mobile phone segment.
PLI is planned to drive India’s stature and proficiency of doing business under the leadership of respected Prime Minister Narendra Modi to show India as an alternative manufacturing destination, Prasad said.
“PLI is designed to enable global champion companies to come to India and make Indian companies national champions,” he stated.
The government has begun a PLI scheme under which appropriate companies can get SOPs of around Rs. 48,000 crores.
The government has cleared sixteen proposals from domestic and international companies necessitating an investment of Rs. 11,000 crores under the PLI scheme to produce mobile phones worth Rs. 10.5 lakh crore over the next 5 years.
The companies include iPhone maker Apple’s contract manufacturers Foxconn Hon Hai, Pegatron, and Wistron, apart from Rising Star and Samsung.
Local Indian companies having their projects accepted include Bhagwati (Micromax), Lava, Padget Electronics (Dixon Technologies), Optiemus, and UTL Neolyncs.