As per the information provided by Kant, over 200 units are manufacturing cellular mobile phones, up from only 2 units in the year 2014
As India prepares to steadily become a global hub for manufacturing electronics, it has achieved to become the second largest manufacturer of mobile handsets in the world, revealed Niti Aayog CEO Amitabh Kant.
As per the information provided by Kant, over 200 units are manufacturing cellular mobile phones, up from only 2 units in the year 2014.
Furthermore, production has gone up from 6 crore mobile phones in 2014-15 to approximately 30 crore mobile phones in 2020-21.
“India has emerged as the 2nd largest manufacturer of mobile handsets in the world in volume terms. Over 200 units are manufacturing cellular mobile phones up from only 2 units in 2014. Production has gone up from 6 Cr mobile ph in 2014-15 to app 30 Cr mobile phones in 2020-21.Gr8,” he tweeted.
Recently, industry body India Cellular and Electronics Association (ICEA) requested the Centre to rationalise tariffs for imports of mobile phones’ components in the upcoming Union Budget of this fiscal.
“With the 2021-22 Budget, there were duty rate increases on the inputs of mechanics, power banks, connectors, PCBA, camera modules, chargers, and true wireless stereo. These were not envisaged by us or MeitY, and were not even a part of the PMP architecture,” it said in a letter to Union Minister of State for IT Rajeev Chandrasekhar.
The Ministry of Electronics and Information Technology (MeitY) recently released the 2nd Volume of Vision Document on Electronics Manufacturing. The document contains a five-year roadmap and vision for the electronics sector.
As per the information provided by the ministry, mobile manufacturing is expected to cross USD100 billion annual production – up from the current USD30 billion – is expected to constitute nearly 40 percent of this growth.
The domestic market is expected to increase from USD65 billion to US$180 billion over the next 5 years. This will make electronics amongst India’s 2-3 top ranking exports by 2026.