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'Make in India' attracts mobile companies and aviation giants

PTI     January 12, 2016

The 'Make in India' campaign is attracting foreign investors, including mobile phone firms and aviation giants. Indian and Chinese mobile phone industry players, including Micromax and Foxconn, will participate in the 'Make in India' campaign and look for partnerships to set up mobile handset and component manufacturing facilities in the country. As many as 107 mobile phone industry players of India and China, including Micromax and Foxconn, will participate in the 'Make in India' campaign.

Deliberations will take place at the first China-India Mobile Phone and Component Manufacturing Summit on January 13, Deki Electronics Limited managing director Vinod Sharma, also a representative of Electronic Industries Association of India, told reporters in Bengaluru on Monday. Major Chinese players like Techno, Gionee, Coolpad, Vivo, ZTE, Meizu and Huawei are expected to be part of the entourage, Sharma said.

Meanwhile, Lockheed Martin said that it is encouraged about the recent liberalisation of India's foreign direct investment (FDI) policy in the sector and looking at increasing investment in the country. At the CII Partnership Summit in Visakhapatnam, Phil Shaw, chief executive officer, Lockheed Martin India, said that the 'Make in India' initiative will help in boosting manufacturing in the country. Airbus Group has appointed Ashish Saraf as vice-president for industry development, strategic partnerships and offsets and he will drive the Group's existing 'Make in India' initiatives.

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