The committee has been formed to review the scheme on ‘Enhancement of competitiveness in the Indian Capital Goods sector’ and review changes to facilitate manufacturing depth under (Make in India) through technology depth
The India Cellular and Electronics Association (ICEA) has announced the formation of a a Capital Goods Committee to address technology gaps in the vertical of smartphones and electronics manufacturing in India. Josh Foulger, country head and Managing Director, Foxconn India, has been appointed the chairan of this committee.
“The committee has been formed to review the scheme on ‘Enhancement of competitiveness in the Indian Capital Goods sector’ and review changes to facilitate manufacturing depth under (Make in India) through technology depth and to evaluate framework to support R&D and sourcing of cutting edge technology in the field of capital goods, robotics, and instrumentation,” read ICEA’s official statement.
Focus on manufacturing and R&D
ICEA’s latest committee will be focusing on several verticals of electronics manufacturing. Some of these include patent filing, encouraging IP creation, participation in global standardisation forums, exploring incentives and schemes to promote R&D and international R&D cooperation and reverse engineering (i.e. localization of existing products).
“Josh who is also fondly called ‘The billion phone man’ has this very close to his heart having cut his teeth as a young professional in the US in robotics and instrumentation and I am delighted that he has accepted this responsibility,” Pankaj Mohindroo, Chairman ICEA said.
16 companies approved for PLI schemes
Ministry of Electronics and Information and Technology (MeitY) has recently approved 16 eligible applicants under the PLI Scheme. Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing notified on first April 2020, extends an incentive of four to six per cent on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20).
Over the next five years, the approved companies under the PLI Scheme are expected to lead to total production of more than Rs 10,50,000 crore (Rs 10.5 lakh crore). Out of the total production, the approved companies under mobile phone (Invoice Value Rs 15,000 and above) segment have proposed a production of over Rs 9,00,000 crore, The approved companies under Mobile Phone (Domestic Companies) segment have proposed a production of about Rs 1,25,000 crore and those under Specified Electronic Components segment have proposed a production of over Rs 15,000 crore.
