India Has $100 Billion Opportunity Through Domestic Manufacturing Of Tablets, Laptops: ICEA
- Scaling up laptop and tablet PC manufacturing can take share of India in global market to 26 per cent from one per cent now
- Domestic market will account for around $170 billion by 2025
India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to $100 billion by 2025 through policy interventions, mobile devices as per industry body ICEA. It added that scaling up laptop and tablet PC manufacturing can take share of India in global market to 26 per cent from one per cent now.
The report said that it will generate five 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. It added that the domestic market will account for around $170 billion by 2025. There is a need to look at export markets for rest of $230 billion to meet the target of NPE 2019.
PLI scheme like that for the mobile phone manufacturing sector
As per ICEA, the laptop and tablet market in India is very small and most of the manufacturing can be done for exporting them to markets in the US, Europe, among others. Manufacturers in India suffer from issues like high cost of power, tax, and ease of doing business which makes India almost 10–20 per cent less competitive than Vietnam and China, respectively.
It added that India must address these issues in the long run. The the government should endeavour to offset these disabilities by providing incentives that are WTO-compliant, easy to implement and help India take off from the export runway. A PLI scheme like that for the mobile phone manufacturing sector may aid in substantially in improving India’s competitiveness.