S Krishnan, Secretary, Ministry of Electronics and IT, said the government is also working on plans to promote research and development and plans to collaborate with industry. The government’s focus is now on promoting electronics component manufacturing in the country and work is going on on a new scheme for this. A senior government official said this. A senior government official said that the government is now focusing on increasing the manufacturing of electronic components in India and is working on developing a new scheme in this regard.
Addressing the CII Electronics Summit, S Krishnan, Secretary, Ministry of Electronics and IT (MeitY), said that currently the majority of the domestic mobile phone market is being catered to through local manufacturers. 99 percent of the local mobile phone market is being met through domestic manufacturing, and the next phase of growth requires companies to export by improving competitiveness and increasing value addition.
According to the PTI language report, the official said- If there is a need to maintain our competitiveness then the challenge is not really to depend on about 10 to 15 per cent of the value addition of the assembly units in the country, but to see that we can do more. What can we do, how can we move up the value chain? As it has been done.
Speaking at the CII Electronics Summit, S Krishnan, Secretary, Ministry of Electronics and IT (MeitY), said that 99 per cent of the local mobile phone market is being met through domestic manufacturing. The next phase of growth requires companies to export by improving competitiveness and increasing value addition.
Krishnan said, if we need to maintain better competitiveness, the challenge is really not to depend on about 10 to 15 per cent of the value addition of the assembly units in the country, but to see what else we can do, how can we add value. How to move forward in the series? He said that no country will ever own the entire value chain. This will be only one part of the value chain that India needs to target. He also said that the industry should also focus on producing capital equipment required for electronics manufacturing at the local level.