Nifty99000 100%

Sensex99000 100%

Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
RSS

News

Government notifies phased manufacturing programme for mobile handsets

Author: S Vijaykrishnan/Thursday, May 4, 2017/Categories: National, Technology

Government notifies phased manufacturing programme for mobile handsets

New Delhi, (IANS) To promote domestic manufacturing of cellular mobile handsets, the government on Thursday announced a phased manufacturing programme (PMP), which will be rolled out over a period of time, a statement said here.

 
 "The focus is to ensure that through appropriate fiscal and financial incentives, indigenous manufacturing of cellular mobile handsets and various sub-assemblies which go into manufacturing of handsets can be promoted over a period of time," the statement said.
 
 "This initiative will help in building a robust indigenous mobile manufacturing ecosystem in India and we believe that it will incentivize large scale manufacturing. It is our roadmap to ensure an increase in the domestic value addition in manufacturing of mobile handsets. 
 
 "It will give a huge impetus to local mobile manufacturing and will help us meet a significant portion of the global handset requirement over a period of time," Aruna Sundararajan, Secretary, Ministry of Electronics & Information Technology said.
 
 The PMP has been notified with the objective of substantially increasing the domestic value addition for establishment of a robust cellular mobile handsets manufacturing eco-system in India, it added.
 
 The phase-wise programme covers mechanics, die cut parts, microphone and receiver, key pad and USB cable in the current financial year (2017-18). 
 
 It also aims to promote the indigenous manufacturing of populated printed circuit boards, camera modules and connectors in 2018-19; and display assembly, touch panels, vibrator motor and ringer in 2019-20. 
 
 The programme will be extended to parts/ sub-parts/ inputs for sub-assemblies as the manufacturing ecosystem evolves over the next few years, the statement said.
 
 "We will not get entrapped by protectionism, but will create deep competencies, both cost and skills, which will create a globally benchmarked workforce and complementary industries intertwined with the global mobile phone and component ecosystem equally encouraging global and domestic enterprises," said Pankaj Mohindroo, National President, Indian Cellular Association (ICA), Chairman - Fast Track Task Force and Trustee - Center for Development of Electronics System Design and Manufacturing (C-ESDM).
 
 
 --IANS
 ag/

Print Rate this article:
No rating

Number of views (191)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

S Vijaykrishnan

Other posts by S Vijaykrishnan
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free