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India aims to make 1bn electronics devices

Fiinews by Fiinews
March 25, 2021
in Investment, Manufacturing, Technology
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Talwar highlights the need for infra and housing revolution

India is looking to manufacture 1 billion devices, up from 339 million made in 2019, Hari Om Rai, Co-Founder, Chairman and Managing Director of Lava International, told the 28th Convergence India and 6th Smart Cities India 2021 Expo on 25 Mar 2021.

“The electronics industry is a US$2 trillion industry, out of which mobile devices comprise US$500 billion, forming the core of electronics. We have manufactured 339 million devices valued at US$25 billion in 2019, and from this number we are now in looking to manufacture one billion devices, to emerge as the number one manufacturing destination in the world,” he said.

“Today our manufacturing ecosystem is 5G ready, with 5G being just a part of this entire prowess. The idea is to dream, and to dream big, for those who want to join this ecosystem and create something phenomenal for India,” said Rai at the Reignites Trade Shows at the Redeveloped Pragati Maidan Complex in New Delhi.

Addressing the opening session themed on ‘Building Cities for People’, Dr. Renu Khosla, Director, CURE, said, “Smart cities should be about the people who live in them. People from the informal sector should be at the core of these cities.”

Rajeev Talwar, CEO, DLF, expressed his thoughts on the importance of infrastructure at the Smart Cities Conclave, “Around 50% of India’s population will be living in cities by the middle of this century, and what we need now is nothing short of an infrastructure and housing revolution in the country.”

“Smart cities have taken different perspectives in different countries around the world. In the Indian context, the definition of smart cities is amorphous in nature. The concept of smart cities is a combination of multiple layers. Tech is one of the factors among the bouquet of what is need to build smart cities,” elaborated Kunal Kumar, Joint Secretary, Ministry of Housing and Urban Affairs.

“Earlier, the word smart was associated with only a person. Now, we say smartphones, and here today we are ideating and discussing about smart cities. The idea of smart city can be divided into three categories – new cities, re-developed cities and adjusting cities,” added Dr. S K Gupta, Secretary, TRAI.

The 28th Convergence India & 6th Smart Cities India expo, scheduled from 24-26 March 2021, was organised by Exhibitions India Group (EIG) and the India Trade Promotion Organisation (ITPO). #technology #manufacturing #projects #contracts #tenders #investment /fiinews.com

Tags: Exhibitions India GroupLava International
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