India to invite five global electronics manufacturers to 'Make in India' and export
At a virtual session 'Digital India Townhall' hosted by YourStory, Hon’ble Union Minister for Communications, Electronics & Information Technology and Law & Justice, Mr Ravi Shankar Prasad, announced that Indian government is inviting “five global champions” to manufacture electronics in India and export to global markets. The move has been taken in Commemorating five years since the launch of the Digital India initiative.
Furthermore, the initiative is meant to invite the global electronics champions is part of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing. The PLI scheme is a Rs 50,000 crore initiative approved by the Union Cabinet in March 2020 and launched in June 2020. In addition to that, India has all the resources, technologies and manpower to focus on electronics manufacturing.
The government is focussing on electronics manufacturing as the nation cannot survive without electronics, right from mobile handsets, smartphones, medical devices, consumer electronics, etc. In The minister added that in the past five years, the number of smartphone manufacturers in India grew from two to over 60, and the government now seeks to make Indian companies competitive in global markets.
Read more