As part of the next stage of PLI, the Indian government wants to create and develop technical know-how in India by bringing full knowledge of hardware design skills to India, ICEA said in a statement.
Once implemented, it would promote localization and transform current manufacturing into one based on absolute knowledge, thus achieving the Indian mission “Make in India” in the truest sense of the word by enabling much higher levels of added value. , in India, said the organization.
Indian-born handset player Lava International, last week launched the first customizable smartphone to order, which can be upgraded according to customer requirements.
“Indian engineers are at the helm of power in global technology. They are changing the world, but it is done from outside India. The launch of Lava with highly innovative products to the world, built by Indian engineers in India is a great testament to the possibilities of India.
ICEA represents phone brands Apple, Xiaomi, Motorola, Nokia, Lava, Vivo, Motorola, Oppo, Realme, Micromax and others, in addition to contract manufacturers Foxconn, Wistron, Flextronics and Dixon.
However, Indian companies must take full responsibility for creating and developing a platform that can unleash the potential of Indian engineering, ”Pankaj Mohindroo, President of ICEA said in a statement.
According to the ICEA, R&D spending is one of the most important contributions to the progress of a nation. “We started our journey with some great manufacturing prowess, but now is the time to change gears. In order to truly become a Atmanirbhar Bharat, we will have to be deeply rooted in growth based on innovation. It can only be based on the immense concentration and expenditure devoted to R&D. “
India has also spent a lot on research and development, “but we haven’t had much success. Therefore, we come up with a completely different concept that will ensure that the spending on R&D has sustainable commercial success.