The minister said 16 new mobile manufacturing units have been set up during the financial year. "In 2014-15, the mobile units manufactured in the country was 5.4 crore, which has more than doubled to 11 crore in 2015-16. After the duty rationalisation in the last budget, 16 new mobile manufacturing units have been set up in this financial year," Prasad said here during an media interaction.
While applauding the reforms announced in the Budget for 2016-17, Prasad said due to the initiatives taken up in the last budget, especially duty rationalisation, there is a remarkable acceleration in field of electronics manufacturing.
"Electronics manufacturing proposals worth Rs 1,20,294 crore were received till date, up from Rs 11,800 crore in June 2014, when the government came to power," he said.
Asked about what amount of proposals have been approved, the Minister said Rs 18,000 crore worth of proposals have been approved.
The minister said the proposal of duty advantage of 8.5 per cent to domestic manufacturers of routers, broadband modems and set top boxes, digital video recorder and CCTV cameras among other products announced in the Union Budget, will give a boost to the telecom sector, which uses many of these products.
Domestic value addition in mobile phones, battery, wired headsets, speakers would enjoy a duty advantage of 10.5 per cent compared to imported goods, he added.