Phone companies may invest Rs 650 Crores by March: Ravi Shankar Prasad
Advertisement
Advertisement
Mobile phone companies are expected to invest Rs 650 Crores by March and the production of handsets in value terms is expected to cross Rs 40,000 crore by the end of current fiscal, Parliament was informed today. "The total investment made by companies during the past 7-8 months are estimated to be in the range of Rs 250-300 Crore which is likely to increase to Rs 600-650 crore by the end of 2015-16," Telecom Minister Ravi Shankar Prasad said in a written reply in Lok Sabha.
He was replying to a question on mobile phones production in the country.
"As per the Indian Cellular Associations, the production of mobile phones in India during current financial year is expected to cross Rs 40,000 crore compared to the production of Rs 18,900 crore during 2014-15," Prasad said.
"The differential duty for mobile handset manufacturing is being termed as a game changer by the industry and consequent to this various
Advertisement
Image credit: Indiatimes
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market