New Delhi: India used to import mobiles worth USD 8 billion seven years ago and now the country is exporting such devices worth USD 3 billion while imports have reducing significantly, Prime Minister Narendra Modi said on Sunday during his address from the ramparts of the Red Fort on India's 75th Independence Day
Modi said the government has announced a production linked incentive scheme to further the flagship 'Make in India' mission.
"Electronic manufacturing sector is an example of the change that the scheme is bringing. Seven years ago we used to import mobile phones worth approximately USD 8 billion. Now imports have reduced. Today, we are exporting mobile phones worth USD 3 billion," he said.
The Ministry of Electronics and IT has cleared 16 proposals from domestic and international companies entailing investment of Rs 148 billion under the production linked incentive (PLI) for global majors as well as domestic companies.
Now, all the leading mobile phone manufacturers including Apple, Samsung, Xiaomi, Vivo are manufacturing in India. The Prime Minister said as the country's manufacturing sector is advancing, "we should focus on making the best quality products that can stand in the global market".
"We have to target the global market. Your (manufacturers) product is the brand ambassador of India. Till the time it is in use, its user will proudly say this product is Made in India. This temperament is required," Modi said.
He said that now start-ups are getting incorporated in small cities even in tier-II and tier-III cities in various sectors and they have played an important role in taking Indian products to the international market.
"Government is standing with full vigour behind our start-ups. Be it giving them financial support (or) simplifying rules, everything is being done," Modi said Thousands of start-ups, he said, have emerged during the tough time of corona and start-ups are becoming unicorns.
"Their market value is touching thousands of crores. They are new kinds of wealth creators in the country. They are standing on their own with the power of their unique idea. They are marching forward. In this decade, we need to work to make the Indian start-up ecosystem the best," the prime minister said.
Modi also announced that the government will develop an e-commerce platform for giving women self help groups (SHG) larger access to countrywide and global markets for their products.
