Government invites global mobile manufacturing leaders to intensify manufacturing in India
By MYBRANDBOOK
India has geared to become a global electronic manufacturing hub. Shri Ravi Shankar Prasad, Union Minister for Electronics & IT, Communications, Law and Justice said that the government has received a warm response to the production linked incentive scheme it had rolled out to boost electronic manufacturing in the country. He also invited global mobile manufacturing stalwarts including Apple and Samsung to intensify manufacturing in India.
Minister in a tweet today said, "Under the leadership of PM @narendramodi, PLI scheme was introduced to welcome global companies and to make Indian companies as national champions in the electronics sector. I welcome the Indian companies Lava, Dixon, Micromax, Padget Electronics, Sojo and Optiemus Electronics." There are 10 companies have filed applications under the Specified Electronic Components Segment which include AT&S, Ascent Circuits, Visicon, Walsin, Sahasra, Vitesco and Neolync.
The minister said, with these strong attributes India can emerge as the world leader in electronics manufacturing. The PLI scheme has been huge success in terms of the applications received from Global as well as Domestic Mobile Phone manufacturing companies and electronic components manufacturers. Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination and this resonates strongly with Prime Minister’s clarion call of AtmaNirbhar Bharat – a selfreliant India. Minister further said that “we are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening electronics manufacturing ecosystem in the country”.
A total of 22 companies have filed their application under the PLI Scheme. The international mobile phone manufacturing companies that have applied under Mobile Phone (Invoice Value INR 15,000 and above) Segment are Samsung, Foxcon Hon Hai, Rising Star, Wistron and Pegatron. Out of these, 3 companies namely Foxcon Hon Hai, Wistron and Pegatron are contract manufacturers for Apple iPhones. Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue of mobile phones and this scheme is expected to increase their manufacturing base manifold in the country.
The Minister also stressed on development of a deep supply chain in the country. He informed that the domestic value addition due to these manufacturing has increased nearly to 40 per cent from 20 per cent. He said electronic manufacturing units in the country have increased from 6 crore to nearly 33 crores in a short period. Prasad said, the sector will generate 3 lakh direct and 9 lakh indirect jobs in the country.
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