Apple exploring investment options in India: Prasad

By: GizBot Bureau

    Technology giant Apple Inc and other global players are exploring opportunities to invest in India's electronic segment, which has attracted investments of over Rs 1.2 lakh crore so far, Telecom Minister Ravi Shankar Prasad said today.

    Apple exploring investment options in India: Prasad

    "When I became minister, we had Rs 11,198 crore of investments in electronic manufacturing. I am happy to tell you, now it is Rs 1.2 lakh crore plus which has been invested in India or committed," Prasad said at the annual session of industry body CII.

    SEE ALSO: Top 10 Best Apple iPhones to Buy in 2016 in India

    He said that last year 111 million mobile phones were manufactured in India, logging a growth rate of 81 per cent in production. "Today all the big companies from Taiwan to .... have come in India.

    Apple exploring investment options in India: Prasad

    Apple is exploring possibility here in India. Therefore from smartphone to ordinary phone to solar panel to what not, immense potential is there in India . We have got a proper incentive scheme available including electronics clusters," Prasad said.

    SEE ALSO: Apple turns 40, sets eyes on emerging markets like India

    However, the minister did not divulge details on Apple's plans that whether the iPhone maker was exploring possibilities in retail segment or in manufacturing. Prasad said that Digital India is going to create USD 1 trillion economy which will include USD 400 billion worth of electronics market, USD 350 billion worth IT and ITes sector and Rs 250 billion communication business.

    Apple exploring investment options in India: Prasad

    The minister said that government is building Digital India as platform of empowerment with launch of various programmes including digital literacy programme, connecting 2.5 lakh village panchayats with broadband etc.

    Apple exploring investment options in India: Prasad

    He said that government has given internet service provider licence to Common Service Centre- Special Purpose vehicle for spreading internet in rural area "After the gram panchyat is connected through fibre, we will lit it up with wifi to give service in the adjoining village.

    CSC nodal agency has been given an internet service provider licence so that they can inspire all the CSCs to take the wifi facility and take it to the villages," Prasad said. He said that government has trained about 45 lakh under digital literacy program and further trageting to expand it to cover 6 crore people in rural area.

    Source: PTI

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