India offers $25 billion opportunity in telecom component manufacturing

The Union Minister of State for Communications and Rural Development, Dr. Pemmasani Chandra Shekhar, today urged global investors to ?co-author the story of India?s rise,? emphasizing that the nation?s transformation over the past decade stems from a deep Mindset Metamorphosis. He made these comments at recent Confederation of Indian Industry (CII) Partnership Summit in Visakhapatnam.

Additionally, he stated that India?s progress was the result of deliberate policy, determined execution, and the unleashing of entrepreneurial energy. Further, he highlighted a USD 25 billion opportunity in telecom component manufacturing, assuring that the Ministry of Communications stands ready to fast-track approvals and support new investments.

Moreover, he emphasized that investing in India means engaging with the world?s largest rising middle class and becoming part of a growth story that will shape global business for decades along with key reforms?USD 1.4 trillion infrastructure investment, USD 26 billion PLI schemes, simplified labour laws, abolition of retrospective taxation, GST-led national market integration and the Insolvency and Bankruptcy Code have transformed India from a consumer to a trusted global creator and partner.

Notably, Andhra Pradesh is seen as one of India?s most promising investment destinations. for building strong industrial ecosystems. The State?s emergence as sectoral hubs?Cyberabad for IT, Visakhapatnam for industry and fintech, Anantapur for automobiles and Tirupati for electronics are all supported by initiatives like Genome Valley that have strengthened global investor confidence.

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