New Delhi, Jan 30 (KNN) Highlighting the expectation of smartphone industry from the upcoming interim budget, CEO of iVOOMi Ashwin Bhandari said the industry is looking forward to provisions in the interest of making Indian manufacturing facilities at par with global giants, which will tremendously benefit exports and increase exports from India manifold.

Increase in exports will lead to India becoming a manufacturing hub of the world, he added.

Bhandari is also hoping to see reservation of budgets to provide strategically located infrastructure support to small component manufacturers.

This will further support the Make in India initiative, taking manufacturing units to the next level in terms of capabilities and growth, he said.

Bhandari added, releasing special funds for this will help Indian factories/manufacturing plants become the global manufacturers and India could be the manufacturing hub of the world in the next 3 years.

“It would be great to see the budget-making provisions for incentives for contract manufacturers, to achieve comprehensive growth at a large scale, supporting the Indian factories in reaching the next level and becoming a global manufacturing hub," He said.