Prime Minister Dr Manmohan Singh has urged the domestic telecom industry to build a manufacturing base in India by 2020 entailing an investment of US$300 billion. This will enable supply of electronic equipment and relevant inputs to telecom manufacturers while also restricting and containing its future imports and balance of payment (BOP) situation. The Department of Telecom (DoT) is working on an eco-system for electronics manufacturing activities to ensure its inclusive development, said the PM while speaking at the India Telecom 2013 under aegis of the DoT and FICCI recently.
The PM said it is absolutely essential to restrict the country’s electronics imports which can be contained provided domestic industry widens its manufacturing.