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2014-09-24

German companies keen to invest in India: Ravi Shankar Prasad

German firms have shown interest in areas such as mobile phones, SIM/smart cards and smart cities.

Days before Prime Minister Narendra Modi plans to launch 'Make in India' programme to boost local manufacturing, Telecom Minister Ravi Shankar Prasad said that German electronics firms have shown interest in India, as stated in a PTI report.

 

German firms have shown interest in areas such as mobile phones, SIM/smart cards and smart cities.

 

‘Make in India’ programme is scheduled for launch on September 25.

 

Prasad told PTI that India is now importing electronics good worth $100 billion years and the import bill is likely to cross $400 billion by 2020.

 

He said that government has given lot of incentives to electronics sector in Budget 2014-15 as corrective measure to boost local production and reduce import bill.

 

"We improved MSIPs (modified special incentive package) programme. I started engaging with state Chief Ministers so that we can give job to over 2 crore people. I am going to lay first cluster foundation in first week of next month in Madhya Pradesh," Prasad said.

 

He expressed satisfaction over the rapid growth of e-commerce and said it can be linked to boost domestic electronic manufacturing.

 

 

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