Made in India mobiles 11 crore mobile handsets being locally made now, says Telecom and IT minister Ravi Shankar Prasad #Hindustan360

#Hindustan360

Made in India mobiles have doubled from 5.4 crore in 2014-15 to 11 crore units in 2015-16, telecom and IT minister Ravi Shankar Prasad said on Monday.
The incentives offered in the last budget has encouraged local manufacturing, with 16 new plants set up for making mobile phones locally during the financial year. “Due to the initiatives taken up in the last budget, especially duty rationalisation, we have notice a remarkable acceleration in field of electronics manufacturing,” Prasad said Monday, while appreciating the new reforms announced in the Union Budget 2016-17. View more at #Hindustan360 .

Welcoming the new proposal of duty advantage of 8.5% to routers, broadband modems and set top boxes, digital video recorder and CCTV cameras among other products in the Union Budget, the minister said the move will give a boost to the telecom sector, which uses many of these products. Domestic value addition in mobile phones, battery, wired headsets, speakers would enjoy a duty advantage of 10.5% compared to imported goods, the minister added.

“We’re happy to note that Finance Minister has announced moving a legislation to give statuary backing to Aadhar, for delivery of services, subsidies, benefits coming out of Consolidated Fund of India,” he said. The minister also said that India’s share in the global IT outsourcing has increased to 56%, while the services export has crossed $100 billion in the last 20 months.

Separately, about 1000 ATMs will be installed by March 2016, while 576 ATMs have already been installed. India Post has overtaken the State Bank of India to become the largest core banking network with 18,231 branches, the minister added.

China to invest in India #Hindustan360
In a fillip to Prime Minister Narendra Modi’s ambitious ‘Make in India’ initiative, over 100 top Chinese handset and component manufacturers gathered in New Delhi on Wednesday in what could bring $2-$3 billion investment in Indian mobile manufacturing operations in the next two years.

Top officials from major Chinese companies such as Techno, Gionee, Coolpad, Holitech, Wingtech, Camera King, Galaxy Core, Poxiao, Vivo and Sprocomm participated in the first-ever summit titled “China-India Mobile Phone & Component Manufacturing Summit,” in the Capital to explore avenues to tap the existing and emerging opportunities.

Leading Indian mobile companies such as Micromax, Lava, Karbonn, Spice, Vodafone and Intex also participated in the day-long event, the organisers said in a statement. According to Mohindroo, Chinese companies are usually reluctant to set up a manufacturing base in other countries as their own eco-system is highly efficient and supremely productive. “But they are still seeing India as the hottest next destination to set up manufacturing base. This is a huge endorsement of Modi’s ‘Make in India’ vision,” he added.

Smart phone manufacturing base reaches 100 million units in India
Mobile phone production in India has reached 100 million with leading companies setting up their manufacturing base in the country, Telecom Minister Ravi Shankar Prasad said today.
“Today, I am happy to announce that in December, Rs 1.14 lakh crore investment has come in electronic manufacturing in India. We have attracted around 15 new mobile plants.
“Earlier in 2014, 68 million (mobile phones) were being manufactured and now 100 million are being manufactured,” Prasad said at Global Business Summit here.
Smartphone sales in India also reached 100 million by the end of December, 2015, he added.
“All the major companies in the world namely Panasonic, Mitsubishi, Nidec, Samsung, Bosch, Jabil, Flextronics, Continental are in India besides all the top Indian companies who are already here,” Prasad said.

View more at #Hindustan360 .

Reference

http://www.makeinindia.com/article/
http://economictimes.indiatimes.com/
http://www.dnaindia.com/money/