The Indian government has urged Chinese companies to take advantage of the new investment and manufacturing opportunities in India, policy certainties and increased ease of business, and said that these companies should not only look at India as a market destination for their products, rather look at partnering closely in the “Make in India” program.

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“Indian talent and Chinese innovation can be a very potent fusion. Chinese companies need to look India as a partner in ‘Make in India’ program and not only as a market destination for their product,” Aruna Sundarajan, Secretary Ministry of Electronics, IT Government of India said.

“Government at Centre or states will definitely be more welcoming of Chinese companies if they looked for partnering with us in ‘Make in India’ program,” Sundarajan said.

The government is targeting 500 million mobile phones manufacturing by 2019, along with a robust component industry, from 280 million smartphones at present.

“Our Chinese partners will help us in achieving this. There is a huge emerging opportunity in component manufacturing in India now. And this is one area where Chinese companies should look into and partner with Indian companies for setting up manufacturing base,” said Pankaj Mohindroo, National President, Indian Cellular Association (ICA).

Josh Foulger, Country head for Foxconn India said that India is now a very cost competitive destination and companies which want to leverage Indian market need to look long term and manufacture here like what happened in the automobile sector. He also pointed out that it was advisable to for JV model rather than doing everything on one’s own.