The government of India announced that it has received investment proposals of 900 billion crores in the last two months.
The investment proposals will bolster the electronics manufacturing in the country. The given amount will be used in driving the growth of mobile phones manufacturing firms.
As per an industry research, foreign companies have shown significant interest in manufacturing in India and this has provided bright opportunities for Indian manufacturing industry.
Also, the government has managed to obtain investment proposals worth 1110 billion in the last 12 months under the Modified Special Incentive Package Scheme (MSIPS).
According to the CyberMedia Research (CMR) report, 24.8 per cent of smartphones shipped in the country during April-June quarter of 2015 were made locally, up from 19.9 per cent in the preceding quarter. The government has been pushing to promote manufacturing in the country, especially electronics.
