Why India must think beyond manufacturing to become product leader

By IANS | Published: August 18, 2020 07:43 PM2020-08-18T19:43:08+5:302020-08-18T19:55:08+5:30

New Delhi, Aug 18 The 'Local ke liye Vocal' call came after the Chinese aggression at the border ...

Why India must think beyond manufacturing to become product leader | Why India must think beyond manufacturing to become product leader

Why India must think beyond manufacturing to become product leader

New Delhi, Aug 18 The 'Local ke liye Vocal' call came after the Chinese aggression at the border forced the national leadership to look beyond the investment from the neighbouring country and scout for more global partners who can infuse top dollar in the Indian supply chain and product development ecosystem.

From consumer electronics to auto manufacturing, from IT and allied sector to mobile phones, India is now aiming to create a robust local ecosystem by developing the skill set and building the supply chain locally.

The landscape is gigantic and buoyed by the immense opportunity, non-Chinese giants like Apple and Samsung are planning to invest billions of dollars into the manufacturing economy.

Global mobile manufacturing giants Samsung, Foxconn and iPhone maker Pegatron have applied for the Centre's production-linked incentive

( With inputs from IANS )

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