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

New Delhi : 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 Incentive (PLI) scheme. He said that the government wants to make India a manufacturing hub for electronic products by expanding the PLI scheme in other areas.

“We wanted India to become the second largest mobile manufacturer in the world,” Prasad said at the annual convention of industry association FICCI. Now I am insisting on pushing India ahead of China. This is my goal and I am clearly defining it. 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 in the leadership of 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-initiated PLI scheme, eligible companies can get incentives of up to Rs 48,000 crore.