Speaking at CII’s summit in Andhra Pradesh, Minister Pemmasani highlights a US$25-billion telecom components opportunity in India and urges global manufacturers to invest.
India has identified a US$25 billion opportunity in telecom component manufacturing and is urging the global industry to build locally, Union Minister of State for Communications and Rural Development Dr Chandra Shekhar Pemmasani said last week.
Addressing the Confederation of Indian Industry’s Partnership Summit in Visakhapatnam, he invited international companies to invest in the sector and stated that the government would expedite approvals for new projects.
Speaking at a session attended by the Vice-President of India, C. P. Radhakrishnan, the Minister said India’s economic progress over the past decade was the outcome of clear policy choices and consistent execution. He noted that the country had undergone a significant shift in outlook, moving towards a more confident and outward-looking economic mindset.
Dr Pemmasani said the Ministry of Communications was prepared to support investors aiming to tap the growing demand for telecom hardware. He argued that companies manufacturing in India would benefit from access to a large and expanding middle class, which he described as central to long-term global consumption trends.
He added that the government’s approach to enterprise had changed. India, he said, had moved away from restrictive licensing regimes and now placed greater trust in private innovation. Entrepreneurs were increasingly viewed as contributors to national development rather than as subjects of suspicion.
The Minister highlighted several reforms he said had strengthened India’s economic foundations. These included large-scale infrastructure spending, production-linked incentive schemes, simplified labour regulations, the removal of retrospective taxation, the introduction of a unified goods and services tax, and the Insolvency and Bankruptcy Code. Together, he said, these measures had repositioned India as a reliable global partner.
Dr Pemmasani also promoted Andhra Pradesh as a favourable investment destination. He pointed to the state’s industrial hubs in information technology, manufacturing, automotive production and electronics. He cited advantages such as major ports, available industrial land, renewable-energy resources and an administration that prioritises timely decision-making. He said the state’s leadership and young ministers were helping create an environment geared towards attracting new capital.
