95 mobile companies set up plants in India: IT Minister

Law and IT Minister Ravi Shankar Prasad said that 95 mobile manufacturing companies have set up their plants under the new government. "Today 95 mobile manufacturing factories have come in India and India is becoming a big hub of electronics and mobile manufacturing. 32 have come in Noida and Greater Noida," Prasad said at Capital Foundation Annual Lecture. He was speaking on 'Emerging Digital World In India'. "In Silicon Valley 51 per cent of new inventions are IT based and 14 per cent of those are created by Indian minds there. That is how India is emerging," Prasad said. He said that young entrepreneurs are growing their businesses and raising hundreds of millions from investors. "Every day we are adding 3-4 start-ups. They are IITians, they left their jobs in America and come back to India," Prasad said.