India set to tap into $500-bn global mobile manufacturing opportunity: Lava CMD on corporate tax relief

NEW DELHI: Domestic handset maker Lava said that said t hat India is poised to tap the global $2 trillion electronics manufacturing and around $500 billion mobile manufacturing opportunity following the government’s move to slash corporate tax rates.

“Electronics manufacturing is a 2 Trillion-dollar opportunity, globally, of which mobile alone is one fourth. Last year, Vietnam could export 133 Billion dollars-worth of electronics and electrical goods & equipment. As it is a very large opportunity, it requires very special attention,” Hari Om Rai, chairman at Lava International, told ET.

“Hence, a very high-profile committee of the govt is looking into various disabilities and therefore the measures needed to make India the next global hub for mobile manufacturing and exports,” he added.