Investment worth Rs 67.74 bn from Samsung, Oppo approved under MSIPS for UP

- Advertisement -

Electronics manufacturing has got huge potential in UP and around half of the country’s mobile making units are based in Noida and Greater Noida in the state.

Samsung, Oppo, MSIPS, investment, Uttar Pradesh, UP, India
Image for representational purpose only

The Centre has also approved investment worth Rs 67.74 billion from Samsung and OPPO combined under the MSIPs policy for the state. As part of the Modified Special Incentive Package Scheme (M-SIPS), the Centre gives various benefits to promote domestic manufacturing of electronic goods.

Speaking during the UP Investors Summit, Electronics and IT Minister Ravi Shankar Prasad said there were only two mobile manufacturing facilities in India in May 2014 but the number has increased to 118 now, of which 54 are in Noida and Greater Noida in Uttar Pradesh The units produce mobile handsets, batteries, chargers and accessories, and soon production of circuits will start as the government has given duty protection for the same, reported Business Standard.

- Advertisement -

As per data shared by an industry association, by 2020, 96 per cent of the total mobile phones used in India would be manufactured locally.

The Minister said menstrual hygiene has been a matter of serious concern and Common Service Centers (CSCs) have been instrumental in spreading awareness about the issue. “Over 50,000 women village level entrepreneurs have been put into this job to set up such awareness centres and they are selling sanitary pads at Rs 5 only,” Prasad said. There are 83,000 CSC gram panchayats in Uttar Pradesh, of which 9,000 are run by women. “So far there are 12 sanitary pad manufacturing units opened in the state, and by March-April, another 100 will open up,” the Minister added.

- Advertisement -

Most Popular Articles

1 COMMENT

  1. Its good to read all the blogs, but is it reality? helping the needy and the poor should be a priority. The rich are getting richer, the poor are getting poorer. Small enterprises/business are struggling. All these big glomarates need to assist, providing employment, outsourcing projects to small business etc. EVERY HUMBEING CAN MAKE A DIFFERENCE IN THIS WORLD.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Important Sectors

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

Manufacturing

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...