Govt plans to facilitate creation of Indian alternative to Google's Android, Apple's iOS

"If there is some real capability then we will be very much interested in developing that area because that will create an alternative to iOS and Android which then an Indian brand can grow," Chandrasekhar stressed.

The minister said that most of the policies and policy tools are being re-looked at in the context of reimaging goals and ambitions.

"Important is to have clear goals. Once we have clear goals and what is that we have to achieve then all the policies and actions will be consistent with it," Chandrasekhar explained. He along with Minister for Communications and IT Ashwini Vaishnaw released the second volume of Vision Document on Electronics Manufacturing prepared by the industry body ICEA whose members include Apple, Lava, Foxconn, Dixon etc.

The document details a road map for achieving $300 billion electronics manufacturing in the country by 2026 from the current $75 billion. "This report is very precise which talks about where $300 billion will come, what the industry has to do and what the government needs to do. This is an example of how industry and government should set targets for the country. The manufacturing will be USD 300 billion and exports worth USD 120 billion will happen. This is the government of India's objective now," Chandrasekhar said.

At present, India's electronics export is around $15 billion. The minister said that it was the prime minister's goal for the Ministry of Electronics and IT (MeitY) to create domestic champions in each of the leading product categories.

He said that India has become one of the largest recipients of foreign direct investment as well as equity. "The number of foreign banks have increased in India. For the first time, the stock market and public markets are financing and investing in technology start-ups and companies. That kind of transformation has happened. Today Lava, Dixon or Boat or any of these companies have the ability to raise capital, equity which they did not have six years ago," the minister claimed. He said that production-linked incentives will continue to encourage various manufacturing segments and it will depend on the definition of technology product and which ministry should govern it.