Telecom and IT Minister Ravi Shankar Prasad said on Monday that India has set a target to overtake China in the field of mobile manufacturing while simultaneously attracting global companies through the Production Based Intensive (PLI) scheme. He said that the government wants to make India a manufacturing center for electronic products by expanding the PLI scheme in other areas.
‘Emphasis is on pushing India ahead of China’
Prasad said in an annual session of the industry association FICCI, “We wanted India to become the second largest mobile manufacturer in the world. Now I am insisting on pushing India beyond China. This is my goal and I can clearly I’m defining. “
India became the second largest mobile manufacturing country in the world in 2017. In the National Policy on Electronics (NPE) 2019, emphasis has been laid on increasing electronic manufacturing to more than Rs 26 lakh crore by 2025. Of this, Rs 13 lakh crore is expected to come from the mobile manufacturing segment. Prasad said that the PLI scheme has been brought under Prime Minister Narendra Modi to establish India as an alternative manufacturing hub. He said that the objective of PLI is to bring world class companies to India and make Indian companies world class. Under the government-launched PLI scheme, eligible companies can get incentives of up to Rs 48,000 crore.
The Ministry of Electronics and IT has set a target to achieve electronics manufacturing turnover in the country at Rs 26 lakh crore by the year 2025 under the National Policy on Electronics 2019. Of this, the share of mobile phone manufacturing will be Rs 13 lakh crore. At an event organized by industry body FICCI on Monday, Prasad said that his goal is to make India the world’s leading electronics manufacturing hub. The PLI scheme is primarily an export-linked scheme. Its purpose is that the companies of the world come to India, manufacture and export from here. India accounts for 11 percent of the world’s mobile phone manufacturing and about 25 percent of China.
