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Chinese Mobile Phone makers likely to partner with Indian Firms for setting up manufacturing base in the country

"We are targeting 500 million mobile phones manufacturing by 2019, along with a robust component industry. Our Chinese partners will help us in achieving this," Mohindroo added.

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October 23, 2016: At a time when India is poised to become a global manufacturing hub for mobile phones and components, Pankaj Mohindroo, National President, Indian Cellular Association (ICA), has asked Chinese companies to partner with Indian firms for setting up a manufacturing base in the country.

“We are targeting 500 million mobile phones manufacturing by 2019, along with a robust component industry. Our Chinese partners will help us in achieving this,” Mohindroo added.

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Speaking at the second India-China Mobile Phones and Accessories Manufacturing Summit, organised here under the first edition of the three-day mobile fair, India Mobile Diwali (IMD), Mohindroo said there is a huge emerging opportunity in component manufacturing in India now.

The event, aimed at strengthening the Indian mobile phone and component manufacturing ecosystem in sync with Prime Minister Narendra Modi’s ‘Make in India’ and ‘Digital India’ initiatives, is held at a time when Indians are strongly opposing the use of “Made in China” products.

Urging Chinese companies to take advantage of the new investment and manufacturing opportunities in India, policy initiatives and increased ease of business, Aruna Sundarajan, Secretary Ministry of Electronics, IT, Government of India, said Indian talent and Chinese innovation can be a very potent fusion.

She also pointed out that Chinese companies need to look at India as a partner in ‘Make in India’ programme and not only as a market destination for their products.

Lingyun Wu, Founder and CEO, Mobile World (Shoujibao), Shenzhen, said Chinese companies are excited to be part of the ‘Make in India’ campaign and establish mobile handset and component manufacturing facilities in India.

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“I’m sure that IMD will open ample opportunities to network and join hands and further strengthen investments in India,” Lingyun added.

The three-day fair, organised by Mobile World (Shoujibao), China’s leading Mobile Industry service platform in association with the Indian Cellular Association, the apex body representing the mobile handset Industry in India, saw participation from industry bigwigs like Peter Lee, COO Huawei, Josh Foulger, MD Foxconn, Keshav Bansal, Director, Intex, S.N. Rai, Co-founder and Director, Lava, and over 300 investment delegations and mobile phone companies and component manufacturers from China and India.

A high-level Investment Delegation from China’s mobile phone industry will be on a six-day India visit from October 21-26 to participate in India Mobile Diwali Expo. (IANS)

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PM Narendra Modi: Government bringing Stringent Consumer Protection Law

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Prime Minister Modi
Prime Minister Narendra Modi during a speech. IANS

New Delhi, October 26: Prime Minister Narendra Modi on Thursday said the government was in the process of enacting stringent legislation aimed at protecting consumers along with setting up a Consumer Protection Authority (CPA).

“Consumers’ protection is this government’s priority. We are in the process to bring a new law on consumer protection keeping in mind the need of the country and business practices here,” Modi said at an International Conference on Consumer Protection for East, South and South-East Asian Countries.

“We are in the process of forming a Consumer Protection Authority, which will have executive powers, for immediate redressal.”

The rules were being streamlined to solve consumer problems in less time and at less cost, he added.

“The stress is being given on consumer empowerment. Strict provisions are being contemplated against misleading advertisements,” Modi said.

He said India was among the few countries which had enacted a law a year after the UN adopted guidelines on consumer protection in 1986.

The Prime Minister also said the prices of commodities were set to go down and consumer protection for their interest effects due to the implementation of the Goods and Services Tax (GST).

Due to the GST, the competition among companies was going to increase. So prices will go down. It will help consumers from lower middle class and poor sections,” Modi said.

“Earlier, transportation by trucks would take five days but it has come down to just three three days now as checkposts on borders have vanished after the GST. It means transportation cost has gone down. This is going to be transferred to consumers,”

Taking a dig at those opposed to the GST, he said: “Some people may be taking advantage of the lack of awareness. However, the benefits will be transferred (to consumers) in days to come.”

Talking about the conference, Modi said: “It shows how seriously we take the needs of our citizens and how we strive hard to solve their problems”.

“It is the first conference in the region, where everyone is trying in their own ways to save the interest of consumers. However, we have to keep in mind that the world is going towards a single market,” Modi said.(IANS)