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?
This story is from the July 13, 2020 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 13, 2020 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
AAMCHI ENGLISH
You'd think its history of language politics would have nixed such a possibility.
SULTANS OF AASMAN
It's harvest season for India's charter flight operators, as eager candidates hop on to rented choppers and small aircraft with sky-high ambitions.
Music to OUR EARS
After signing a record deal with Warner Music Group, Nora Fatehi sets her sights on being a global pop star
Rebel with a CAUSE
A retrospective of revolutionary artist Gobardhan Ash showcases four decades of his practice at the Kolkata Centre for Creativity
HYBRID FORMS
Mythic Femininities at DAG Delhi brings together a well-chosen crosssection of the late GOGI SAROJ PAL'S large body of work
OUT OF THE SHADOWS
JAI MEHTA makes his directorial debut with Disney+ Hotstar's web series Lootere
MAN OF MANY PARTS
Pratik Gandhi's transition from theatre and Gujarati cinema to mainstream Bollywood is an inspirational tale
THE DUNKI REPUBLIC
Rivers flowing down from the Himalayan massifs are known to have fickle habits-they curl about, meander and, if they stray far enough, get captured by bigger river systems.
A SENSE OF DEPRIVATION
As the Uddhav Sena gets a lion's share in the MVA seat-sharing deal, discontent brews within Congress ranks over the leadership conceding three key seats
Kshatriyas Declare War on Rupala
The minister's appeasement of Dalits has upset the warrior class, who want his candidature withdrawn or they will stir trouble for the BJP in all 26 seats