Laptop, tablet manufacturing in India $100 bn opportunity by 2026: Report

 

Boosting export-oriented local manufacturing of laptops and tablets can open up $100 billion opportunity for India by 2026, said a new report on Wednesday.

Currently, the global manufacturing hubs for laptops and tablets are limited to a handful of countries with China being the predominant supplier to the world with 66 per cent market share in 2019, worth $100 billion, said the joint report by industry body India Cellular & Electronics Association (ICEA) and global consultancy major EY.

"This presents an opportunity for India to ramp up the export of 'Made in India' laptops and tablets. By making in India for the world and obtain a sizable share of the global market will give us a manufacturing value of $100 billion by 2025," ICEA Chairman Pankaj Mohindroo told reporters in a virtual conference.

"It will also create five lakh additional jobs and a cumulative inflow of foreign exchange to the tune of $75 billion; and investment of over $1 billion," Mohindroo said.

In addition, the right policy interventions to boost laptop and tablet manufacturing in India would negate imports of targeted products from China leading to the reduced trade deficit and greater self-reliance, he said.

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