India aims to surpass China in mobile manufacturing: Ravi Shankar Prasad
4 years, 1 month ago

India aims to surpass China in mobile manufacturing: Ravi Shankar Prasad

Live Mint  

New Delhi: India is now aiming to surpass China in the field of mobile manufacturing with the production-linked incentive scheme attracting global majors in this segment to the country, telecom and IT minister Ravi Shankar Prasad said on Monday. The National Policy on Electronics 2019 envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile phone segment. PLI is designed to propel India's stature and ease of doing business under the leadership of the Prime Minister Narendra Modi to showcase India as an alternate manufacturing destination, Prasad said. The government has cleared 16 proposals from domestic and international companies entailing investment of ₹11,000 crore under the PLI scheme to manufacture mobile phones worth ₹10.5 lakh crore over the next five years.

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