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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