PM Modi Calls on Samsung, LG to Help Give ‘Make in India’ Campaign a Push
The Prime Minister of India, Mr. Narendra Modi, in his Independence Day speech, shared his vision to make the country a technology hub. He hopes for an India where government services can be delivered through the creation of technological infrastructure. Giving a push to his Make in India campaign, Modi will sit down with top officials of the two leading tech powerhouses, LG and Samsung, to set up a manufacturing unit in India. The establishment of their manufacturing plants will stimulate the production of smartphones in India.
Minister of Communication and IT, Ravi Shankar Prasad, confirmed about the meeting with the South Korean companies, saying, “Earlier, I had personally met senior executives of these companies and we expect something concrete now.” Modi will have a talk with Samsung Electronics’ President and Head, JK Shin and LG’s Global CEO and Vice-Chairman, Bon-Joon Koo. LG India’s Managing Director stamped the ties to some extent stating Modi’s visit will enhance bilateral ties.
How LG and Samsung’s Participation will Make a Difference
LG and Samsung are the two front runners in the smartphone race whose products are appreciated worldwide. Not to forget, these firms have a strong foothold in the smartphones domain as well as the semi-conductors arena. Samsung manufactures Exynos chips equipped on the Galaxy S6 series, and if the company sets up a plant on the Indian soil, smartphones will become a lot cheaper than their current launch price.
For now, only 74% of the Indians own a mobile and considering the large size of the Indian population, there is still a massive number of people who are yet to own mobiles. Modi aims to reach that 26% residing in the rural area with cheaper phones produced on our homeland. He aims to connect India through its length and width by 2019. The Prime Minister has sanctioned Rs. 113,000 crore fund for the Digital India project.
Investment in technological infrastructure will lead to a speedy growth in the economy. It will also help in bringing better, technology-aided education to the children of India, thereby forging a promising future of the country.