Like its peers, it will set up in the south of India, according to a person familiar with its plans who asked not to be named. Google has committed to spending $10 billion over the next five to seven years to hasten India’s digital transition and Amazon.com Inc has said it intends to export $10 billion of made-in-India goods by 2025. Only about half of those are smartphones, however, leaving untapped potential that is attractive to growth-hungry global brands like Apple, Samsung Electronics Co, Xiaomi Corp and Oppo. Ravi Shankar Prasad, India’s minister for information technology and electronics, has said the goal is for brands and manufacturers to transport the entire supply chain to the country, not just the end-stage assembly. The group’s three dozen members include Apple, Foxconn, Google, Wistron, Oppo and others.“The focus is shifting from making for India to exports and the $400 billion electronics manufacturing that India is targeting by 2025 will be dominated by exports,” Mohindroo said via phone from New Delhi.

Source: Economic Times July 18, 2020 02:58 UTC