India can up laptop, tablet manufacturing: ICEA
Scaling up laptop and tablet PC manufacturing can take share of India in global market to 26 per cent from 1 per cent at present
New Delhi: India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to $100 billion (about Rs 7.4 lakh crore) by 2025 through policy interventions, mobile devices industry body ICEA said on Wednesday.
Scaling up laptop and tablet PC manufacturing can take share of India in global market to 26 per cent from 1 per cent at present.
Besides, it will generate 5 lakh new jobs and lead to a cumulative inflow of foreign exchange to the tune of $75 billion and investment of over $1 billion by 2025, ICEA said in a report on opportunity for making laptops and tablets in the country.
India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said the country’s electronic market has reached $65 billion with large contributions from mobile phones.
“In laptop and tablets, we are still dependent on imports, and 87 per cent of it is imported from China. The laptop market is not a very large market in India. Tablets is currently a small market. After mobile phones, these are the biggest IT products. “By making laptops and tablets in India for the world, and obtaining a sizable share of the global market will give us a manufacturing value of $100 billion by 2025,” Mohindroo said.
The National Policy on Electronics 2019 (NPE) envisages electronic manufacturing turnover of $400 billion by 2025, out of which $190 billion is expected to come from the mobile phone segment.
According to ICEA, whose members include Apple, Xiaomi, Motorola, Nokia, Foxconn, Flextronics, Lava, Vivo, among others, the domestic market will account for around $170 billion by 2025, and there is a need to look at export markets for rest of $230 billion to meet the target of NPE 2019.
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