India Today|July 13, 2020
Q. Prime Minister Narendra Modi and you made a rather dramatic announcement of India aspiring to be the No. 1 mobile handset manufacturing destination, a $190 billion market, by 2025-26. How do you propose to make this a reality?
A. When we came to power in 2014, India had only two mobile factories. Now, we are [more than] 250, including [units making] components. In Noida and Greater Noida, over 90 factories have come up. In 2014-15, the mobile manufacturing industry’s revenue was Rs 18,990 crore. In 2018-19, it reached Rs 1.7 lakh crore, and in 2019-20, it increased to Rs 2.25 lakh crore.
Overall in the electronics [sector], production value in 2014-15 was Rs 1.9 lakh crore, growing to Rs 4.58 lakh crore in 2018-19, while the projection for 201920 is Rs 5.48 lakh crore. India’s global share [in electronics] has risen from 1.3 per cent in 2012 to over 3.5 per cent at present. We have created direct jobs for 2 million people in the past five-and-a-half years and all global mobile brands, including Apple, are in India.
Q. What incentives are you offering to help India become a global hub of electronics manufacturing?
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July 13, 2020