The manufacturing world, he said, was looking at alternative destinations.
“In view of the enormous success in accelerating mobile manufacturing, we came with the big idea of production-linked incentive (PLI),” he said.
Prasad had said earlier that Samsung, Foxconn, Rising Star, Wistron and Pegatron were filing applications under the PLI scheme.
In his inaugural address at the tech summit, Prime Minister Narendra Modi said that the pandemic has shown the power of technology and how seamlessly Indians have adapted to it.
While lockdown and travel restrictions have kept people away from the workplace, the resilience of the technology sector was visible which ensured uninterrupted work from home. That high amount of technology adoption is there to stay.
“Challenges bring out the best in people, perhaps it is relevant to India’s techies. When there is a demand in customers or deadlines, you would have noticed the best solution comes out,” he added.