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 Intensive (PLI) scheme. He said that by expanding the PLI scheme in other areas, the government wants to make India a manufacturing center for electronic products.
‘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 ahead of China. This is my goal and I clearly I’m defining. “
‘Manufacturing is encouraged’
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, 13 lakh crore rupees is expected to come from the mobile manufacturing section.
‘The motive is to bring global companies to India’
Prasad said that the PLI scheme has been brought under Prime Minister Narendra Modi to establish India as an alternative manufacturing center. He said that the objective of PLI is to bring world class companies to India and make Indian companies world class. Eligible companies can get an incentive of up to Rs 48,000 crore under the government-initiated PLI scheme.
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