- India is the second-largest mobile manufacturer in the world with a 200 percent growth in last 5 years and brands such as Xiaomi and Apple making in India.
India is making rapid progress in electronics manufacturing and has emerged as the world’s second-largest mobile manufacturer. The value of electronic equipment produced in the country grew from Rs 1.90 lakh crore in 2014-15 to Rs 4.58 lakh crore in 2018-19.
In 2014, India had only two plants that produced cell phones. Today, India is the world’s second-largest mobile manufacturing center.
Several smartphone firms, including Apple, are considering starting to produce phones locally. Many already manufacture their products in the region. Manu Kumar Jain, head of Xiaomi India, tweeted that 99 percent of Mi and Redmi phones are Made-in-India and 65 percent are locally sourced.
With the help of its collaboration with contract manufacturers Wistron and Foxconn Apple already produces some iPhone models locally in India. Some reports now suggest the Cupertino major is looking to start producing more and more of its products locally and take advantage of the production-linked incentive scheme (PLI).
Under the leadership of PM @narendramodi, India has emerged as the 2nd largest mobile phone manufacturer in the world. In the last 5 years, more than 200 Mobile Phone Manufacturing units have been set up. #ThinkElectronicsThinkIndia pic.twitter.com/fGGeCRpj87
— Ravi Shankar Prasad (@rsprasad) June 1, 2020
According to Prasad’s shared graphical representation, mobile handsets manufacturing units grew by > 200 percent in 2019 compared to 2014. The graph shows that in the financial year the number of cell phones produced is 330 million), and up to $30 million worth of cell handsets products.
The Electronics and IT Ministry also noted, “Now is the time for companies to find # India as a destination in the ESDM sector and to be part of the world’s next largest #ElectronicManufacturing Center. # ThinkElectronicsThinkIndia. “The government will announce new schemes to push” Indian Electronics forward “at 12:00pm on 2 June.
According to a survey by the Indian Cellular and Electronics Association (India Cellular and Electronics Association), 37% of the 268 smartphone and allied services manufacturing units are cell plants, 38% are cell adapters, 19% are mobile battery manufacturing plants; the remaining 6% are factories manufacturing wired headphones, USB cables, mechanics, etc.
The government is encouraging the manufacture of cell phones, televisions, and other electronic products, and in this regard, the National Policy on Electronics has been formulated.
Over the past few years, the government has been bullish in making India the world’s manufacturing base and set a target for promoting domestic manufacturing across the entire value chain of ESDM (electronic system design and manufacturing) to achieve USD 400 billion (Rs 26 lakh crore) turnover by 2025.
According to the industry body, Indian Cellular and Electronics Association (ICEA), mobile phone exports grew by more than eight times in 2018-19 to Rs 11,200 crore and for the first time exceeded imports.
India surpassed Vietnam in 2017 to become the second-largest phone maker.
