As India is going to achieve a 25 per cent share in global mobile phone manufacturing by 2019, the industry expects that the Union Budget will encourage domestic manufacturing with policies like tax holidays and interest subsidies and help the Indian telecom sector reach new benchmarks.
The mobile segment in India has immense potential and can be looked at as a great platform to create millions of jobs in the country. In Budget 2015, the Government should be introducing policies that encourage local manufacturing of mobile phones and help increase mobile phone user base in India. The indigenous handsets will strengthen the Digital India initiative, as mobile players would be able to cater to the masses in large volumes.
The demand of mobile devices is increasing and domestic manufacturing has not been able to match up to the ever-changing needs of Indian mobile market. The need of the hour is to boost manufacturing to save money by reducing imports and increase the export of homegrown products.
Addition to that, the strong willingness and campaigns around Digital India initiative will help in developing a digital environment in the country and create an eco-system of digital literacy and Indian Information Superhighway.
With the favourable policies along with locally manufactured products, we expect to see billion hands using mobile phones for communicating and sharing data in coming years.
(Pradeep Jain is MD, Karbonn)
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