New Delhi: Smartphone giant Xiaomi Union Budget 2022 has been welcomed. In a press statement, the company said that Budget 2022 Will give more power to India to become a digital-enabled and self-reliant economy. “The 2022 budget announced today will truly make India a digital-enabled and self-reliant economy. Initiatives aimed at promoting innovation and manufacturing are a major impetus towards aiding the electronics boom and telecommunications industry Helping to create jobs, boosting the country’s economic growth.
The statement praised the 5G spectrum announcement made by the Finance Minister Nirmala Sitharaman during the budget. “We are excited about the government’s commitment to roll out 5G by 2023, which will usher in a new year of future-ready interconnected devices that make India. In addition, to build a strong ecosystem for 5G The plan for design-based manufacturing will further spur local innovation in the domain.”
The company said it has been one of the early adopters of Prime Make in India Initiative. “While we are working on local manufacturing, since 2021, we are focusing on locally sourcing components such as camera sensors, batteries etc. We are looking to further strengthen our local manufacturing in wearables and wearables in the country. Also actively working to localize the manufacturing of listenable objects.
“The duty concession on electronic components is highly appreciated along with PM Gati Shakti to strengthen the multi-nodal connectivity schemes. The duty concession will further strengthen local manufacturing and PM Gati Shakti will respectively increase supply chain efficiency, especially in the supply chain.” Following the challenges of the series. 2021,” the statement further added.
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