Domestic manufacturing of electronic gadgetes, including mobile phones and components, televisions, and laptops, is expected to contribute one fifth to India’s economy by 2025, communications, electronics and information technology (IT) minister Ravi Shankar Prasad said on Friday at an event organised by industry body Assocham. The government has set a target of manufacturing one billion mobile phones, 50 million televisions and 50 million hardware devices such as laptops and tablets by 2025. India must become the top manufacturing destination for electronic devices in the world,he said.
Government plans to extend the production linked incentive (PLI) scheme to domestic manufacturing of laptops and tablets, following the success of a scheme to locally produce mobile phones and their components. Sixteen global and domestic mobile and electronic component makers including Samsung, Foxconn and Bhagwati Products-the maker of Micromax phones-will benfit from the Centre’s PLI scheme that was launched in April to boost local manufacturing.
Courtesyg: Google (photo)
