New delhi date. Monday 14 December 2020
Telecommunications and IT Minister Ravi Shankar Prasad on Monday said India has set a target of attracting global companies through product-based incentives as well as overtaking China in the field of mobile manufacturing. He said the government wants to make India an electronic manufacturing hub from the PLI scheme area in another sector.
"We wanted India to become the second largest mobile manufacturer in the world," Ravi Shankar Prasad told FICCI's annual convention. Now I am urging India to move ahead of China. This is my goal and I am clearly defining this. India became the world's second largest mobile manufacturing country in 2017.
The National Policy on Electronics focuses on increasing electronic manufacturing to more than Rs 26 lakh crore by 2019 by 2025. Of this, Rs 13 lakh crore is expected to come from the mobile manufacturing sector.
Ravi Shankar Prasad said that the PLI scheme has been brought under the chairmanship of Prime Minister Narendra Modi to establish India as an alternative manufacturing hub. He said that the purpose of PLI is to bring trustworthy companies to India and make Indian companies world class. Under the PLI scheme launched by the government, eligible companies can get an incentive of up to Rs 48,000 crore.
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