Page 47 - Electronics Association News Today

The development comes as a follow up of Prime Minister Narendra Modis visit to the US where the two countries forged agreements to promote policies and adopt regulations to facilitate greater technology sharing, co-development, and co-production opportunities between U.S. and Indian industry.

Smartphones are the fifth highest exported product from India and has crossed Rs 1 lakh crore in our 'Techade' that will certainly see the country as a major player, says Rajeev Chandrasekhar

This year, smartphones are the fifth highest exported product from India and has crossed Rs 1 lakh crore in our 'Techade' that will certainly see the country as a major player in global electronics in years to come, says Rajeev Chandrasekhar, Union Minister of State for Electronics and IT.

Pli Scheme: "From having to import 82 per cent of all smartphones in 2014 to today manufacturing almost 100 per cent of all smartphones in the country, Indias electronics sector has been transformed and reimagined under Prime Minister Narendra Modi," Chandrasekhar told IANS.

This year, smartphones are the fifth highest exported product from India and has crossed Rs 1 lakh crore in our 'Techade' that will certainly see the country as a major player in global electronics in years to come, says Rajeev Chandrasekhar, ...

Pli Scheme: Post-Covid, said the minister, it is obvious that global supply chains are undergoing a major redrawing and India is certainly working hard to ensure it grows its share and presence. India in 2014 represented less than Rs 1 lakh crore of electronics manufacturing.

India, China and Why Data is Like a Bikini

The government is reviewing its Production-Linked Incentive (PLI) scheme and considering reopening the window for some sectors. The PLI scheme aims to boost Indian manufacturing by subsiding production to better compete with other countries. Currently available in 14 manufacturing sectors, there have been mixed results with the scheme so far.

Acc: The PLI schemes are the cornerstone of the governments push to domestic manufacturing. By subsiding production, the government aims to boost exports, curb cheap imports and generate jobs by creating global manufacturing champions.

“The high input tariffs are completely incompatible with India’s exports ambitions and put us at a massive disadvantage with countries like China, Vietnam, Mexico and Thailand,” India Cellular and Electronics Association (ICEA) said.