India emerging as most preferred destination for mobile manufacturing: PM

Prime Minister Narendra Modi

Prime Minister Narendra Modi on Tuesday said that India is emerging as the most preferred destination for mobile manufacturing.

Addressing the India Mobile Congress via video conferencing, he said that every village in India will have high-speed optical fibre data network connectivity in three years.

"India is emerging as the most preferred destination for mobile manufacturing. We have also come up with a production linked incentive scheme to promote telecom equipment manufacturing in India. Let us work together to make India a global hub for telecom equipment, design, development and manufacturing," he said.

"We need to work together to ensure a timely roll-out of 5G to leapfrog into the future and empower millions of Indians," he said.

The Prime Minister said that the country will embark on one of the world's largest COVID-19 vaccination drive with the help of mobile technology.

"Today we are a country with billion-plus phone users, we have a billion-plus people with unique digital identity, we have over 750 million users, the scale and speed of internet penetration can be seen by following facts," he said.

"Half of the total internet users in India were added in the last 4 years, half of the total internet users are in rural areas, our digital size and digital appetite are unprecedented. We are in a country where the tariff is the lowest in the world. We are one of the fast-growing mobile app markets in the world. The digital potential of our nation is unparallel," he added.

PM Modi said that the government is able to provide benefits worth billions of dollars to millions of Indians due to mobile technology.

"Because of mobile technology that we were able to help the poor and vulnerable quickly during the pandemic. Because of mobile technology that we are seeing billions of cashless transactions which boost formalisation and transparency. Because of mobile technology that we will enable smooth contactless interface on toll booths," he said.

PM Modi said that it was difficult to imagine the kind of impact the mobile revolution had in our country, society and the world ten years ago.

"It is important to think and plan how do we improve lives with the upcoming technology revolution. Better healthcare, Better education, Better information and opportunities for our farmers, Better market access for small businesses are some of the goals we can work towards," he said.

"It is due to your innovation and efforts that the world was functional despite the pandemic. It is due to your efforts that a son connected with his mother in a different city. A student learnt from his teacher without being in the classroom. A patient consulted his doctor from his home A trader connected with a consumer from different geography," he added.

The Prime Minister said that the new other service provider guidelines will help the Indian IT Industry achieve new heights. "It will boost the growth of this sector even after a pandemic is long gone. This initiative will help to democratise the Indian IT industry and take it to the far corners of our country," he said.

Speaking further, the Prime Minister said: "A lot of young techies tell me that it is the Code which makes a product special. Some entrepreneurs tell me that it is a Concept which matters more. Investors suggest that it is Capital which is important to scale a product."

"But often, what matters the most is the Conviction the youngsters have on their product. Sometimes conviction is all that stands between just a profitable exit and making of a unicorn," he added.

The Prime Minister pointed out that due to technological upgradation, we have a culture of replacing handsets and gadgets frequently. "Can the industry form a task-force to think of a better way of handling electronic waste and create a circular economy?" he sought to know.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel