NEW DELHI: Communications Minister Ravi Shankar Prasad said on Tuesday that the country aims to produce 100 mobile phones, five TVs and five IT devices, such as laptops and tablets, over the next five years.
Prasad also said that 4G works in the country, and the tests for 5G will also start soon.
“Over the next five years, India will start producing one billion mobile phones, 50 million TVs and 50 million IT hardware devices such as laptops and tablets. This is our vision in Electron production for the next five years, “Prasad said at a ts virtual event.
He added that the country wants to expand the digital economy in the next five years to $ 1 trillion.
According to the industry body India Cellular and Electronics Association (ICEA), India has the potential to increase its cumulative production capacity of laptops and tablets to $ 100 billion by 2025 so far political interventions.
In a joint report with EY, ICEA said expanding the production of laptops and tablets could take over the country in global market at 26% of the current 1%.
In addition, it will generate 5 lakh new jobs and lead to a cumulative cash flow of $ 75 billion and investments of over $ 1 billion by 2025, ICEA said in a report on the opportunity to make laptops. and tablets in the country. .
The National Electronics Policy 2019 (NPE) provides for an e-production of $ 400 billion by 2025, of which $ 190 billion is expected to come from the mobile phone segment.
The internal market will represent around USD 170 billion by 2025 and it is necessary to analyze the export markets for the remaining USD 230 billion to meet the 2019 NPE target.
“India needs to become a good production center as part of the global supply chain. That is our goal,” Prasad said.