Handset companies want India to become an export hub: EXPERTS
India needs to emerge as an electronics export hub, backed by high-end local manufacturing and designing, for long-term growth and for attracting investments from global handset players, senior industry executives advocated at a panel discussion and said that the new national policy can prove to be a catalyst in this regard.
In a discussion on the National Policy on Electronics (NPE) 2019 at the third ET India Mobile Conclave in Delhi on Tuesday, the executives said that India needs to move beyond catering to domestic demand and assembling to designing, stressing that a lot more needs to be done to move up the value chain of manufacturing.
They said the policy will help promote startups and push end to-end manufacturing in India. The panel comprised Lava chairman Hari Om Rai, HMD Mobile India (makers of Nokia phones) country head Ajey Mehta, Vivo India’s director-brand strategy Nipun Marya, Salcomp Manufacturing India managing director Sasikumar Gendham, Mobiistar CEO Carl Ngo and India Cellular & Electronics Association (ICEA) chairman Pankaj Mohindroo.
Navkendar Singh, research director – devices & ecosystem, India & South Asia at IDC, moderated the discussion.
Lava’s Rai said that India is advantageously positioned since it offers everything that is required to set up a base and turn it into a big manufacturing hub. Talking about NPE, he said the policy is good intent-wise but it needs to be converted to actions. “India has to be built on exports, driven by multinationals and supported by domestic champions,” he said.