Make in India wave continues in Telecom Sector
PM Narendra Modi’s wave ” Make in India ” picking up well in Telecom sector. This initiative has been taken seriously by Indian handset manufacturers , which will create not only job opportunities but also boost to Indian Economy by reducing dependence on China Market.
First Maxx Mobilink followed by Lava, Samsung and now Spice Telecom, also announced 500 Cr investment in UP for manufacturing Mobiles locally.
The Uttar Pradesh government on Monday inked multiple memoranda of understanding with Spice Group, Samsung and industry bodies Indian Cellular Association and India Electronics & Semiconductor Association.
Pankaj Mahindroo, President of Indian Cellular Association told ET “The Make in India and Digital India campaigns ignited the confidence that last mile issues on policies should get ironed out. Inherent confidence in the industry has grown, which is why so many vendors are announcing their manufacturing related investment plans in the country.”
The state government is facilitating infrastructure, ecosystem and incentives under various schemes, in tandem with the Centre. Mohindroo said UP “is among six states that have come up with their own Electronic System Design & Manufacturing policy. We are recommending investors to go out for manufacturing in Andhra Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh and Rajasthan”.
Ashok Chandak, chairman, India Electronics and Semiconductor Association said that the ecosystem for mobile manufacturing is fairly developed in UP, more precisely around the Noida area. “UP has natural advantages over other states, as it is closer to Delhi-NCR where most of the brands are based out. It has all ingredients to start and expand it further.”
Seeing the potential, the government very recently constituted a 14-member task force to catalyse the growth of mobile phone and component manufacturing ecosystem in India with the aim of providing much-needed impetus to Delhi’s ‘Make in India’ plans.