Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad
The HinduIndia is now aiming to surpass China in mobile manufacturing with the production-linked incentive scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14. 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 Prime Minister Narendra Modi to showcase India as an alternate manufacturing destination, Mr. 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.