PLI scheme convinces global manufacturers to produce from India
Amazon said on 16 Feb 2021 that it will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year.
The device manufacturing program will be able to produce hundreds of thousands of Fire TV Stick devices every year, catering to the demands of customers in India. Amazon will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand.
It is only a beginning for Amazon’s efforts to manufacture electronics products from India for the domestic and export markets, said Minister for Electronics & Information Technology Ravi Shankar Prasad in welcoming the decision.
“Happy to share Amazon India is the latest to join this success story of India,” added Prasad, pointing out that India has taken several key steps to encourage electronics manufacturing in India.
“We welcome Amazon’s decision to set up a manufacturing line in Chennai, as it will enhance domestic production capacities, and create jobs as well. This will further our mission of creating an AatmaNirbhar Bharat which is digitally empowered.”
“The Production Linked Manufacturing (PLI) for Large Scale Electronics Manufacturing has emerged as a major success with many international companies commencing production of electronics goods from India. Entry of Amazon in this sector adds to the success story of electronics manufacturing in India,” he said.
The Minister also held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India.
“Range of issues related to digital sector were discussed during this meeting,” said the Ministry of Electronics & IT.
“India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry. Our Government’s decision to launch a Production Linked Incentive (PLI) Scheme has received tremendous response globally,” he said. #manufacturing #makeinIndia #investment #incentives #schemes #exports /fiinews.com
