Just In
- 51 min ago Apple Confirms Special Event for May 7: iPad Air, iPad Pro 2024 Models Expected
- 9 hrs ago Xiaomi Robot Vacuum Cleaner S10, Handheld Garment Steamer, and Redmi Buds 5A Launched in India
- 10 hrs ago Lenovo Unveils IdeaPad Pro 5i Laptop With Intel Core Ultra 9 Processor – Check Price, Specs
- 10 hrs ago Lava ProWatch Zn, ProWatch Vn Smartwatches Launched in India: Check Price, Specs, Availability
Don't Miss
- Finance TCS Vs Infosys Vs Wipro Shares, ADRs, Upcoming Dividends: Which Mega IT Stocks To Buy After Q4 Results?
- Sports Who Won Yesterday's IPL Match 39? CSK vs LSG, IPL 2024 on April 23: Marcus Stoinis Fires 63-ball 124 To Quiet Chepauk
- News Senator Lambie Calls For Elon Musk's Imprisonment Over Wakeley Church Stabbing Posts
- Movies Mirzapur 3 OTT Release Date, Platform: When Will Mirzapur Season 3 Premiere On Amazon Prime Video?
- Education Telangana Inter Manabadi 1st and 2nd Year Results 2024 to be Declared Tomorrow
- Automobiles Chrysler Pacifica Marks Seven Years As Most Awarded Minivan With New Campaign
- Lifestyle Anant Ambani-Radhika Merchant's Wedding Function Details Are Out, Check out Ambani Bahu-To-Be's Chic Fashion!
- Travel Kurnool's Hidden Gems: A Guide To Exploring India's Lesser-Known Treasures
MeitY announces PMP to promote indigenous mfg of cellular mobile handsets
The PMP has been notified with the objective of substantially increasing the domestic value addition for the establishment of a robust Cellular mobile handsets
With an objective of promoting depth in the domestic manufacturing of cellular mobile handsets, the ministry of Electronics and IT has recently announced a Phased Manufacturing Programme.
According to an official statement, the Phased Manufacturing Programme (PMP) has been notified with the objective of substantially increasing the domestic value addition for the establishment of a robust Cellular mobile handsets manufacturing eco-system in India.
That is, to promote differential excise duty dispensation in the Budget 2015-16 like Countervailing Duty (CVD) on imports of mobile handsets at 12.5 percent and Excise Duty at 1 percent without input tax credit gave an impetus to the assembly, programming, testing and packaging (APTP) model of manufacturing Cellular mobile handsets.
With the implementation of PMP, the value addition or share of indigenously procured components in the manufacturing of feature phones will go up from about 15 to 37 percent and the same for smartphones will move up from about 10 to 26 percent.
Jio 4G VoLTE feature phone to be priced at Rs. 1,500: What we know until now
"It is our roadmap to ensure an increase in the domestic value addition in a manufacturing of mobile handsets. It will give a huge impetus to local mobile manufacturing and will help us meet a significant portion of the global handset requirement over a period of time," Aruna Sundararajan, Secretary, MeitY said.
She said that it will also create an ecosystem, where due to the growth in local manufacturing, phones will become cheaper and "will be accessible to millions of Indians, in turn, give a huge boost to the digital payments initiative."
According to the statement, the program will be rolled out over a period of time and it will focus to ensure that appropriate fiscal and financial incentives, indigenous manufacturing of cellular mobile handsets and various sub-assemblies, which go into the manufacturing of handsets, can be promoted over a period of time.
The phase-wise program covers mechanics, die cut parts, microphone and receiver, keypad and USB cable in the current financial year.
"The PMP shall also be extended to parts, sub-parts, inputs for aforesaid sub-assemblies as the manufacturing ecosystem evolves over the next few years," the statement further added.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
14,999
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999