Piyush Goyal is leading a delegation to deliberate with Australia.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
Budget smartphones will rule the market in 2015.
Modi had also said recently that there is a need to administer "bitter medicine" to revive the ailing economy.
Mayer stressed on the transformation of the firm from a technology company to a media, news, entertainment and advertising platform utilising products focusing on search, communications, digital and videos.
According to Indian government data, micro, small and medium enterprises accounts for about 45 per cent of the manufacturing output of the country and 40 per cent of the total exports.
According to Indian government data, micro, small and medium enterprises accounts for about 45 per cent of the manufacturing output of the country and 40 per cent of the total exports.
The company, which clocked $1.5 billion in revenues from India in 2011-12, is also betting big on the roll out of 4G LTE services in India and is targeting more than 50 per cent share of the contracts coming in.
Ericsson has three global delivery centres (apart from India) in Romania, China and Mexico and has more than 45,000 people in this unit.
Amid a raging controversy over the 2G spectrum scam, Minister of State for Telecom Sachin Pilot said most of the allegations that are cropping up date back to the National Democratic Alliance regime.
Electronics major Samsung on Monday said it will launch a high-end fully touchscreen mobile handset in India by the end of this month.
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