- Presently, the government has launched Atmanirbhar Bharat with production linked incentive. They have invited global companies to come to India and also Indian companies to match
- Around eight factories of Apple have shifted to India from China
- The PIL would be providing jobs to three lakh in India directly and nine lakh Indians indirectly
It has been reported and observed that tech giants like Apple, Samsung, and all, those who have facilities in China are shifting to other countries day by day. It has recently come to notice that Samsung is also going to shut down its last China-based TV manufacturing by this November. Most of the tech giants have been preferring to move to India.
With regard to this, the Union Minister of India Mr Ravi Shankar Prasad commented, “India is emerging as a big manufacturing centre and the global manufacture ecosystem is realising that they must have other places apart from China. I am glad to inform that Apple is shifting to India in a significant way, Samsung has already come and they further want to expand. I have been told that around eight factories of Apple have shifted to India from China.”
He also added that when India had come to power in 2014, there were only two mobile factories in India, now its number has crossed 250. Presently, the government has launched Atmanirbhar Bharat with production linked incentive. They have invited global companies to come to India and also Indian companies to match.
Mr. Prasad also commented that Atmanirbhar Bharat means not an isolated India, rather it means India to be a major economy of the world to support the global economy.
Production Linked Incentive
The scheme was announced in April, during the height of COVID and gave July 31 as the last date for filing applications. Prasad also shared that the scheme has committed to make mobile phones and components worth Rs.12 lakh crores in 5 years of which 7 lakh crores worth products would be exported.
It would be providing jobs to three lakh in India directly and nine lakh Indians indirectly. He has also declared that PM Modi’s steps against China are very bold and have been recognised by other countries like the US, UK, Japan, and Australia.