New Delhi, September 07: In just a humble beginning to emerge as a big manufacturing center, Union Minister Ravi Shankar Prasad on Monday informed that smartphone giant Apple has been shifting their 8 factories in India from China.
While interacting with the non-resident Biharis via video conference he said, "During the NDA government's first tenure, there were only two mobile factories in India, but now there are 250 factories in India. Production linked incentive was announced during COVID19 in April for which the last date was 31 July 2020. Top global & Indian companies committed to making mobile & components worth ₹11 Lakh Crore & exports worth ₹7 Lakh Crore in 5 years. All this was approved by the Empowered Committee."
Talking about the Indian market he said that India is emerging as a big manufacturing center and global manufacturing companies are realising the importance of the Indian market. Taunting china he also added that the global manufacturing ecosystem is realising that they must have other places apart from China. He also said India remains a trustworthy electronics manufacturing hub. It will create lakhs of jobs & promote the ancillary industry.
Further, he added, "We launched Aatmanirbhar Bharat with a production-linked incentive. We invited global companies to come to India and also Indian companies to match when we talk about Aatmnirbhar Bharat, we don't want an isolated India but it means - India being a major economy of the world becoming good economic power to support the global economy."
He also lauded PM Narendra Modi saying, "When something happened with China in Ladakh, our PM Modi stood firmly and made it very clear that India shall not compromise on its sovereignty. This bold stand of India is being globally recognized from the US, UK, and Japan to Australia".
He added that Samsung already came in India and they further want to expand. Apart from that the Japanese government also has provided subsidies to Japanese companies that shift their manufacturing setup from China to India, Bangladesh, and ASEAN Countries.