Government has received investment proposals totaling 90,000 crore rupees in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms. Ajay Kumar, Additional Secretary in Ministry of Communications and IT informed that there is hardly any company which has not shown interest to manufacture in India. He said, India is already the fastest-growing smartphone market and it is now also becoming the fastest growing manufacturing destination of phones in the world.<br/><br/>Kumar said, proposals worth about Rs 1.10 lakh crore have been received in the last 12 months from various companies for electronics manufacturing in the country under the Modified Special Incentive Package Scheme (MSIPS). Out of this, over 80 per cent have materialised in the last two months itself.<br/><br/>According to Cyber Media Research, 24.8 per cent of smartphones shipped in the country during April-June quarter of 2015 were made locally, up from 19.9 per cent in the preceding quarter. Government has been pushing to promote manufacturing in the country, especially electronics.<br/><br/>According to the Department of Electronics and IT, the demand for electronics in India is expected to reach USD 400 billion by 2020, while the sector has potential to attract USD 100 billion investment and provide jobs to 28 million people.<br/><br/>The government last month extended the MSIPS policy by five years to boost electronics manufacturing.