NEW DELHI: Communications Minister Ravi Shankar Prasad on Tuesday said the country aims to produce 100 crore mobile phones, five crore TVs and five crore IT devices such as laptops and tablets in the next five years.
Prasad also said that 4G is working in the country and testing for 5G will also start soon.
“In the next five years, India will start producing one billion mobile phones, 50mn TVs and 50mn mobile devices such as laptops and tablets. That is our vision in electronics manufacturing for the next five years, “Prasad said at CII virtual event.
He added that the country wants to expand the digital economy in the next five years to $ 1 billion.
According to an industrial body Indian Cellular and Electronic Association (ICEA), India has the potential to expand its cumulative manufacturing of laptops and tablets to USD 100 billion by 2025 by political interventions.
In a joint report with EY, ICEA said that increasing manufacturing of laptops and tablets can get the country’s share in the global market up to 26 percent from the current 1 percent.
In addition, it will generate 5 lakh new jobs and cause a cumulative flow of currency values of USD 75 billion and an investment of more than USD 1 billion by 2025, ICEA said in a report on opportunity to produce laptops and tablets in the country. .
The National Electronics Policy 2019 (NPE) envisages the $ 400 billion electronics manufacturing by 2025, of which $ 190 billion is expected from the mobile phone segment.
The domestic market will be estimated at around USD 170 billion by 2025, and it is necessary to look at export markets for the remaining USD 230 billion to meet the NPE 2019 target.
“India needs to become a good center of manufacturing as part of the global supply chain. That is our focus,” Prasad said.