Kiran Posted August 25, 2018 Share Posted August 25, 2018 Make in India: Mobile handset manufacturing helps country save Rs 3 lakh crore; provides over 4.5 lakh jobs Driven by the government's "Make in India" initiative, the mobile handset manufacturing eco-system in India has helped the country save a whopping Rs 3 lakh crore by replacing imports of completely-built units (CBU) with locally manufactured and assembled handsets during the past four years, said a new report on Wednesday. In 2017-18, over 225 million handsets were assembled/ manufactured in India which was approximately 80 percent of the total market requirements, according to the India Cellular and Electronics Association (ICEA) report. The net foreign exchange savings are estimated to be over Rs 60,000 crores, the report said. In the past four years, India's mobile handset and components manufacturing industry has enabled the establishment of over 120 new manufacturing units, generating employment for over 4.5 lakh people, the report added. The research projects that in 2018-19, mobile handset manufacturing is expected to create a value of Rs. 1,65,000 crores from 290 million units. "The mobile handsets and component manufacturing ecosystem have emerged as the champion category under the 'Make in India' initiative of the government," said Pankaj Mohindroo, ICEA Chairman and National President. "Mobile phone imports will trickle down to insignificant levels of around five to seven percent of the market (less than Rs. 1000 crore/month) by the end of 2018 financial year," Mohindroo said, adding that India is moving towards almost zero imports for mobile phones in the coming years. https://www.firstpost.com/business/make-in-india-mobile-handset-manufacturing-helps-country-save-rs-3-lakh-cr-provides-over-4-5-lakh-jobs-5033821.html ✌️ Link to comment Share on other sites More sharing options...
V Jagadeesh Posted August 25, 2018 Share Posted August 25, 2018 If it is real , I am one of the Indian to feel happy for jobs. I believe it should not be fake like fake words and drama actions in the name of religion. I hate to reply to the feku claims. But Indian youth want jobs,Even in backon industry , as many engineers are comming out of college and searching for jobs, if no employment it leads to unrest and will lead to increase in anti social elements, ultimately will efffect all of us, Link to comment Share on other sites More sharing options...
Yaswanth526 Posted August 26, 2018 Share Posted August 26, 2018 Indaaa inka poyi bojjo manu mee gujarat b.odi ni Link to comment Share on other sites More sharing options...
Kiran Posted August 26, 2018 Author Share Posted August 26, 2018 India has activated policy changes that liberalized foreign direct investment (FDI) rules in mobile sector and has spelled out the definition of the term "manufacturing" to provide clarity to companies. Total FDI in the telecom sector from April 2014 to March 2016 was around $4.19 billion. Under the revised policy, foreign investment in manufacturing is automatically approved and companies can sell products produced through wholesale and retail routes, including e-commerce, without getting government permission. As per the definition by the Department of Industrial Policy and Promotion (DIPP), "Any change in the physical object resulting in transformation of the object into a distinct article with a different name or bringing a new object into existence with a different chemical composition or integral structure" would qualify as manufacturing. Companies that assemble products in India, such as those in telecom sectors, stand to gain while those that have simply been processing or relabeling products won't qualify as manufacturers. According to Paresh Parekh, a partner at Ernst & Young, "Defining manufacturing for FDI purposes is a milestone development - CKD (complete knock down) and assembling activities stated to benefit the telecom sector.” Along with FDI initiatives, the government has provided more incentives to push local manufacturing of components. In last year’s Union Budget, as part of the phased manufacturing program (PMP) the government had included a provision to manufacture a few accessories, with the subsequent aim of making India a full-scale components manufacturing hub in the next three to four years' time. Mobile parts manufacturing is critical for a comprehensive Make in India initiative as local manufacturers principally assemble mobile devices in India by importing necessary components. According to Pankaj Mohindroo, president of Indian Cellular Association, "A fine balance has to be created in the phased manufacturing program to enable the final product assembly industry to fully blossom, so that it can attract the components industry vigorously." https://www.forbes.com/sites/krnkashyap/2017/02/22/heres-how-india-is-becoming-a-hub-for-smartphone-manufacturing-in-south-asia/ Modi and CBN for 2019 ✌️ Link to comment Share on other sites More sharing options...
Yaswanth526 Posted August 26, 2018 Share Posted August 26, 2018 51 minutes ago, Kiran said: India has activated policy changes that liberalized foreign direct investment (FDI) rules in mobile sector and has spelled out the definition of the term "manufacturing" to provide clarity to companies. Total FDI in the telecom sector from April 2014 to March 2016 was around $4.19 billion. Under the revised policy, foreign investment in manufacturing is automatically approved and companies can sell products produced through wholesale and retail routes, including e-commerce, without getting government permission. As per the definition by the Department of Industrial Policy and Promotion (DIPP), "Any change in the physical object resulting in transformation of the object into a distinct article with a different name or bringing a new object into existence with a different chemical composition or integral structure" would qualify as manufacturing. Companies that assemble products in India, such as those in telecom sectors, stand to gain while those that have simply been processing or relabeling products won't qualify as manufacturers. According to Paresh Parekh, a partner at Ernst & Young, "Defining manufacturing for FDI purposes is a milestone development - CKD (complete knock down) and assembling activities stated to benefit the telecom sector.” Along with FDI initiatives, the government has provided more incentives to push local manufacturing of components. In last year’s Union Budget, as part of the phased manufacturing program (PMP) the government had included a provision to manufacture a few accessories, with the subsequent aim of making India a full-scale components manufacturing hub in the next three to four years' time. Mobile parts manufacturing is critical for a comprehensive Make in India initiative as local manufacturers principally assemble mobile devices in India by importing necessary components. According to Pankaj Mohindroo, president of Indian Cellular Association, "A fine balance has to be created in the phased manufacturing program to enable the final product assembly industry to fully blossom, so that it can attract the components industry vigorously." https://www.forbes.com/sites/krnkashyap/2017/02/22/heres-how-india-is-becoming-a-hub-for-smartphone-manufacturing-in-south-asia/ Modi and CBN for 2019 ✌️ Then I will choose cbn as pm and modi as cm Link to comment Share on other sites More sharing options...
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