Friday, Mar 29 2024 | Time 16:52 Hrs(IST)
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Business Economy


Pegatron's mobile manufacturing facility launched

Chennai, Sep 30 (UNI) Tamil Nadu Chief Minister M.K.Stalin and
Union Minister of State for Electronics and Information Technology
Rajeev Chandrasekhar today launched the Taiwanese electronics
major Pegatron's new mobile manufacturing facility at Oragadam
near Chenngalpattu.
Speaking on the occasion, the Union Minister said the opening of
the Pegatron mobile manufacturing facility is another milestone
in Prime Minister Narendra Modi’s vision of making India a global
electronics manufacturing hub
“It is a symbol of partnership between the centre and the states
to help India achieve the target of USD 300 Bn in electronics
manufacturing, from the current USD 75 billion,” he said.
The plant has been set up by the Taiwanese electronics major
under the Centre’s popular Production Linked Incentive scheme
(PLI), in an industrial park in Chengalpattu near Chennai.
The Minister spoke of how the PLI scheme has played a big
role in ushering in investments and employment in electronics
manufacturing, and that it has catalysed an investment of
Rs 6500 crore in a short span of time, generating employment
of over 40,000
Pointing to the success of PM Modi’s well calibrated schemes
like the Phased Manufacturing Programme (PMP) and the PLI,
Rajeev Chandrasekhar said these schemes have propelled the
mobile phone sector into new heights.
“Mobile phone exports in India in 2015-16 were near zero. They
have reached around Rs.50,000 crores. India used to be heavily
dependent on imports of mobile phones", he added.
"In contrast, today, 97 per cent of mobile phones used in India
are products of domestic manufacturing”, he said.
Referring to Covid’s impact on the world economy, he said “the
pandemic brought the same challenge to all countries..but the
way Indoa coped with it has drawn global awe and respect. We
have kept Covid behind and are committed to become a Trillion
dollar digital economy by 2026.
Team India - States and the Centre- can partner to accomplish
this target -- with vision of "Make in India, Make for the World”.
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