NEW DELHI: Communications Minister Ravi Shankar Prasad said Tuesday the country plans to produce 100 crore cell phones, five crore televisions and five crore IT devices such as laptops and tablets over the next five years.
Prasad also said that 4G is working in the country and trials for 5G will also begin soon.
“In the next five years India will begin producing one billion cell phones, 50 million televisions and 50 million IT hardware devices such as laptops and tablets. That is our vision electronics Manufacturing for the next five years, “said Prasad at a CII virtual event.
He added that the country plans to expand the digital economy to $ 1 trillion in the next five years.
According to the industry association India Cellular and Electronics Association (ICEA), India has the potential to grow its accumulated laptop and tablet manufacturing capacity to $ 100 billion by 2025 political intervention.
In a joint report with EY, ICEA said that expanding the production of laptops and tablets can take over the country’s share of production global market to 26 percent from the current 1 percent.
Also, it will create 5 lakh new jobs and result in a cumulative inflow of $ 75 billion in foreign exchange and investments of over $ 1 billion by 2025, ICEA said in a report on the possibility of making laptops and tablets in the country.
National Policy on Electronics 2019 (NPE) predicts electronics manufacturing revenue of $ 400 billion by 2025, of which $ 190 billion is expected to come from the cell phone segment.
The domestic market will be around $ 170 billion by 2025, and for the rest of the $ 230 billion, export markets will need to be examined to meet the NPE 2019 target.
“India needs to become a good manufacturing center as part of the global supply chain. That is our focus,” said Prasad.