Just In
- 10 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 12 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 12 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 14 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Finance Swing Trading Guide: 3 Stock Picks By VLA Ambala On Thursday, 25th April
- Sports SRH vs RCB IPL 2024: Three Players RCB Must Play Today against Hyderabad
- Lifestyle When Will Vaishakh Month 2024 Start? Vrats And Festivals That Will Fall This Month, Complete List!
- Education JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100
- News Mangalsutra Row: Did Indira Gandhi Donate Gold During The 1962 War? The Facts Behind Priyanka's Claim
- Movies Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix?
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
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
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804