Mobile phone industry to be boosted by CPEC
ISLAMABAD (Dunya News) – Federal Minister of Industry and Production Makhdoom Murtaza Mahmud said on Tuesday that the mobile phone manufacturing industry will further prosper under the second phase of the China-Pakistan Economic Corridor. (CPEC).
He said the country was going through a difficult time but it was everyone’s responsibility including politicians, private sector and stakeholders to work together, adding that mobile manufacturing was a new industry, for example. therefore, they faced difficulties.
He was addressing a summit titled “Mobile Device Manufacturing” organized by the Engineering Development Board (EDB) and the Pakistan Mobile Phone Manufacturing Association (PMMPA).
Mahmud said that by improving the mobile industry, the country’s needs could be met from domestic production.
He said the devaluation of the rupiah had reduced labor costs and added that the export could be increased by improving mobile manufacturing.
He said Pakistan will come out of these situations in the short term, but “we have to make a long term policy”.
Meanwhile, the Secretary of the Ministry of Industry and Production, Imdadullah Bosal, pointed out that in 2020, a policy had been launched to increase production and half of the journey had been completed while it remained the other half.
He said, “We need to upgrade technology, increase productivity to increase the labor market, and policies that work in Vietnam and Malaysia may not work here.”
Asim Ayaz, GM’s Senior Policy Engineering Development Board, said favorable policies have been introduced for the mobile phone industry.
He said local production of mobiles in Pakistan is “continuously increasing”, except for one company, all major mobile brands were made in Pakistan. About $2.6 billion has been invested in the local mobile phone manufacturing industry in the country, Ayaz pointed out.
Mobile Manufacturing Association vice-president Muzzaffar Piracha says if the government provides an enabling environment for mobile manufacturers, the industry’s exports could “cross the $14 billion mark within three years.” .
He said the industry could lift Pakistan out of deficit as the government is able to meet 95% of Pakistan’s local mobile demand within two years. However, he said mobile phone makers want government support to improve exports.
Piracha said that due to government policy, all cell phones are now made in Pakistan. “We have created 40,000 job opportunities and more than 20,000 retailers are associated with this activity.”
Mobile Manufacturing Association Vice President Aamir Aallwala stressed that people “want to invest” in the mobile industry but need policy continuity. He said Chinese industry is willing to come to Pakistan for local manufacturing of parts.
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