India Receives Rs 1.28 Lakh Crore Foreign Investment In Electronic’s Market

ravi-IT foreign investment in india 2016

India is leaving no stone unturned to be counted in one of the top countries in the world. India’s electronics market is the world’s largest market and thus involves investors from all around the globe. Let us tell you the total investment in electronic manufacturing sector has crossed Rs 1.28 lakh crore.The information has been given out by the Communication and IT minister, Ravi Prasad.

He said, “When our government came (in 2014), the total investment in electronics manufacturing was around Rs 11,700 crore and as of two days ago it is Rs 1,28,000 crore plus.”
He added, “Government was working towards making India a hub for electronics manufacturing, in which the Centre and states have to play a crucial part”

Ravi-Shankar-Prasad
Internet and social media is slowly and gradually is spreading its cover all over the country. Prasad said that India is very rapidly adopting technology and soon India would be counted as one among the top countries to have highest access to internet as half a billion citizens would use it.

He continued saying, “It took 2.5-3 years for Internet users to go from 200 to 300 million. It has taken a year to reach 400 million and when Internet service providers said we have reached 400 million, I was really surprised. I think the target of 500 million by 2017 maybe this will come by this year-end”

He further said, “Today India has a billion plus mobile phone (users, 990 million have Aadhaar card. Government has saved close to Rs.50,000 crore by directly giving subsidy to Aadhaar-enabled bank accounts.”

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