Indian manufacturing needs to grow beyond assembly
SummaryThe country needs a plan that goes beyond its incentive scheme to get global success in this sector
The Make in India initiative’s focus is best seen in the country’s increase in the manufacture of electronics products, especially mobile phones, with our share of the global market now at 3.6%. By 2025, India is expected to produce 600 million mobile handsets, and have export business worth $110 billion. This flags enhanced future demand for components, as also the need of such facilities as fabrication units for semiconductors. The ministry of electronics and information technology (MeitY) has called for expressions of interest in domestic display fabrication projects.