The
Narendra Modi government's 'Make In India' initiative has been buoyed by
handset manufacturers like Samsung and the Spice Group investments in
India, which have also created potential for lakhs of jobs and
billion-dollar inflows.
Spice is the latest to have announced its domestic manufacturing plans in the form of a Rs 500 crore unit in Uttar Pradesh, with support coming from the Akhilesh Yadav dispensation. Industry leader Samsung had also ramped up its mobile phone plant in Noida with an investment of Rs 517 crore on Monday.
India's third largest mobile vendor, Lava, too, will start assembling devices at its Noida factory from April and is planning to set up another factory at a cost of Rs 500 crore over three years. The Uttar Pradesh government on Monday inked multiple memoranda of understanding with Spice Group, Samsung and industry bodies Indian Cellular Association and India Electronics & Semiconductor Association.
"The Make in India and Digital India campaigns ignited the confidence that last mile issues on policies should get ironed out. Inherent confidence in the industry has grown, which is why so many vendors are announcing their manufacturing related investment plans in the country ," Pankaj Mohindroo, president of Indian Cellular Association told ET.
The state government is facilitating infrastructure, ecosystem and incentives under various schemes, in tandem with the Centre. Mohindroo said UP "is among six states that have come up with their own Electronic System Design & Manufacturing policy. We are recommending investors to go out for manufacturing in Andhra Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh and Rajasthan."
The state provides capital subsidy, interest subsidy and other tax benefits under the ESDM policy.
"We will see massive traction in the domestic manufacturing, given the central and state governments effectively implement the policies for the same. Availability of labour, which is cheap as compared to China, will also play its role," said Karan Thakkar, senior market analyst at IDC India.
Spice is the latest to have announced its domestic manufacturing plans in the form of a Rs 500 crore unit in Uttar Pradesh, with support coming from the Akhilesh Yadav dispensation. Industry leader Samsung had also ramped up its mobile phone plant in Noida with an investment of Rs 517 crore on Monday.
India's third largest mobile vendor, Lava, too, will start assembling devices at its Noida factory from April and is planning to set up another factory at a cost of Rs 500 crore over three years. The Uttar Pradesh government on Monday inked multiple memoranda of understanding with Spice Group, Samsung and industry bodies Indian Cellular Association and India Electronics & Semiconductor Association.
"The Make in India and Digital India campaigns ignited the confidence that last mile issues on policies should get ironed out. Inherent confidence in the industry has grown, which is why so many vendors are announcing their manufacturing related investment plans in the country ," Pankaj Mohindroo, president of Indian Cellular Association told ET.
The state government is facilitating infrastructure, ecosystem and incentives under various schemes, in tandem with the Centre. Mohindroo said UP "is among six states that have come up with their own Electronic System Design & Manufacturing policy. We are recommending investors to go out for manufacturing in Andhra Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh and Rajasthan."
The state provides capital subsidy, interest subsidy and other tax benefits under the ESDM policy.
"We will see massive traction in the domestic manufacturing, given the central and state governments effectively implement the policies for the same. Availability of labour, which is cheap as compared to China, will also play its role," said Karan Thakkar, senior market analyst at IDC India.
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