‘Rs 10k-15k Cr investments expected over 2 yrs in India handset manufacturing’

New Delhi: India can expect investments worth Rs 10,000-15,000 crore in the handset manufacturing space in the next two years due to the government’s latest incentive policy aimed at weaning away multinationals producing smartphones from China, according to industry body ICEA.

US contract manufacturer Flex, among the largest in the world, said the industry must identify the low-hanging fruits, which can be brought to India in the near term.

“The three areas in the ESDM sector which can be brought to India in two years’ time are PCBAs (printed circuit board assembly), display and the energy source (or battery packs),” said Arijit Sen, director at Flex. “These three things constitute 50%-55% of BoM (bill of materials) in majority of electronic products.”