Prime Minister Narendra Modi’s vision is to have mobile phone exports by 2023 with the sector among the top 10 exports from India, said Electronics and IT Minister Rajeev Chandrasekhar.
While talking to PTI, the minister said the government will take all necessary measures to boost the electronics manufacturing ecosystem in the country and look at expanding the manufacturing base beyond mobile phone manufacturing by 2023.
“PM Narendramodi Ji’s vision is that by 2023 mobile phone exports will be worth Rs 1 lakh crore and mobile phones will be among the top 10 export categories,” Chandrasekhar said.
Mobile phone exports from India are around Rs 45,000 crore and are dominated by Apple and Samsung.
The minister said that the electronics manufacturing ecosystem is being expanded beyond mobile phones.
According to a study by electronics manufacturers’ group ELCINA, the demand for components in 2020-21 is estimated at USD 32 billion (Rs 2.65 lakh crore) for an industry of about USD 70 billion (Rs 5.8 lakh crore), of which only USD 10. billion (Rs. 82,000 crore) was produced domestically and mostly with imported raw materials.
The minister did not elaborate on specific measures, but the government is listening, Official sources shared that they plan to implement a manufacturing-linked incentive scheme for wearables and an enhanced PLI scheme for IT hardware and electronics in their region. Production.
”We will continue to build on our mobile success by working with the breadth and depth of the ecosystem. A deep strategy exists in the semiconductor space. We obviously want to do more in our parts industry. In a broad sense, While we are growing in the mobile phone space; We provide IT server and hardware space; We want to do well in the wearable space and the audible space. All of these are areas that are developing rapidly around the world,” the minister said.
Indian brands such as Imagine Marketing (BoAt) and Fire-Boltt are now among the top-selling global brands in the wearable and audible category.
With data growth driven by 5G and high-speed broadband, demand for data centers and alternate servers is also on the rise.
According to market research firm Research And Markets, the Indian server market is expected to be worth USD 1.6 billion by 2022, growing at a CAGR of 7.19 percent.
”We want to increase our market share in IT hardware and servers. Today we are a very small player in that space. We want to increase our market share for components and global market share for wearables and hearables. In all of these areas, it is Prime Minister’s mission and mission to be a significant and trusted partner for global businesses and consumers. If any additional PLI or policy is required, we will do so,” Chandrasekhar said.
Dell under PLI scheme for IT Hardware; Rising Stars Flextronics Technologies; Lava International, The government has selected 14 companies to manufacture IT hardware including Dixon Technologies etc.
The scheme provides for incentives of up to Rs 7,325 crore linked to increased investment and sale of domestic products.
IT hardware manufacturers’ group MAIT has asked the government to freeze incentives from investments as several players have excess production capacity and increased the total incentive to Rs 25,000 under the scheme.
(This story has not been edited by Devdiscourse staff and is automatically generated from an aggregated feed.)