Mobile handsets & components under Make in India to get special push in Budget

In late December, at one of the extensive closed door meetings that the PM has had with various industry vertical heads, a high-profile team representing India’s digital economy outlined with way forward. At the meeting where the PM was most candid asking for real time suggestions to boost growth, he was informed that electronics manufacturing, especially handsets and components, had a good chance of becoming India’s largest exports within the next five years. Industry asked him to follow a path of least resistance.

Sources close to developments revealed to IANS that a special incentive scheme for the manufacture of mobile handsets and components will be unveiled in the Budget to give an additional push to the burgeoning sector.