Apple, others looking to set up shop in India: Prasad
05 Apr 2016
Technology giant Apple and other global players are exploring opportunities to invest in India's electronics segment, which has attracted investments of over Rs1,20,000 crore so far, Telecom Minister Ravi Shankar Prasad said on Monday.
"When I became minister, we had Rs11,198 crore of investments in electronic manufacturing. I am happy to tell you, now it is Rs1,20,000 crore-plus which has been invested or committed in India," Prasad said at the annual session of industry body CII.
He said that last year 111 million mobile phones were manufactured in India, a growth rate of 81 per cent in production.
"Today all the big companies have come in India. Apple is exploring the possibility here in India. Therefore from smartphones to ordinary phones to solar panel to what not, immense potential is there in India . We have got a proper incentive scheme available including electronics clusters," Prasad said.
However, the minister did not divulge details on Apple's plans or whether the iPhone maker was exploring possibilities in retail segment or in manufacturing.
Prasad said that Digital India is going to create $1 trillion (roughly Rs66,13,770 crore) economy which will include $400 billion (roughly Rs26,45,485 crore) worth of electronics market, $350 billion (roughly Rs23,16,440 crore) worth IT and ITes sector and $250 billion (roughly Rs16,54,600 crore) communication business.
The minister said that government is building Digital India as platform of empowerment with launch of various programmes including digital literacy programme, connecting 2.5 lakh village panchayats with broadband etc. He said that government has given Internet service provider licence to Common Service Centre- Special Purpose vehicle for spreading internet in rural area
"After the gram panchyat is connected through fibre, we will light it up with Wi-Fi to give service in the adjoining village. CSC nodal agency has been given an Internet service provider licence so that they can inspire all the CSCs to take the Wi-Fi facility and take it to the villages," Prasad said.
He said that government has trained about 45 lakh persons under digital literacy programme and further targeting to expand it to cover 6 crore people in rural areas.
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