India Becomes Second Largest Mobile Manufacturing Country In The World, Says Minister
New Delhi: Union Minister of Electronics and Information Technology Ashwini Vaishnaw said that India has become the second largest mobile manufacturers in the world, suggesting that the country has ramped up electronics production six-fold to position itself in the market.
The minister in his social media posts stated that India has increased electronic exports eightfold over the past 11 years, mainly driven by policy support from the Production Linked Incentive Scheme. Electronics is now India’s third-largest export category, climbing from seventh place.
He pointed out that the PLI scheme for Large Scale Electronics Manufacturing drew over Rs 13,475 crore in investment and helped achieve production of about Rs 9.8 lakh crore in the electronics sector. The minister then noted that over 1.3 lakh jobs were created in the last five years.
The minister further pointed out he country was initially focusing on finished products, but the Electronics Component Manufacturing Scheme supported a shift to “building capacity for modules, components, sub-modules, raw materials, and the machines that make them.”
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