ISLAMABAD: With the arrival of new investors in the mobile phone manufacturing industry, the Ministry of Industries & Production (MoIP) expects that the new industry to overtake the country’s automotive industry in the next few years. As per officials of the Engineering Development Board (EDB) — a technical arm of the Ministry of Industries & Production (MoIP), the country’s mobile phone manufacturing industry was expected to surpass the auto sector in terms of turnover. “To further facilitate the electronics sector, EDB has already started work on preparing appropriate framework for local assembly of tablets, allied equipment and mobile accessories,” an EDB official said. “This is in line with the board’s vision to improve the entire ecosystem and make mobile manufacturing the fastest growing sector in terms of employment and exports.”He said following the approval of the Mobile Device Manufacturing Policy 2020 last year, new investors and firms were taking keen interest in the mobile manufacturing industry of Pakistan. Article continues after this advertisementMeanwhile, EDB General Manager (Policy) Asim Ayaz maintained that the mobile device manufacturing policy provided sufficient advantage to the local manufacturing of mobile phones in comparison with imports of completely built units.

Source: Pakistan Today March 10, 2021 17:54 UTC