Mobile Component Manufacturing Value To Cross Rs 70,000 Crore By March: ICEA

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ICEA Chairman Pankaj Mohindroo says industry should now focus on establishing – die-cut parts, mechanics, camera module and connectors which have not taken off so far.

India’s mobile handset component manufacturing will cross Rs 70,000 crore in terms of value by the end of the current fiscal, as against Rs 50,000 crore target set under the phased manufacturing program for the fiscal year 2019-2020, India Cellular and Electronics Association (ICEA) said in a statement. 

A great boom ahead
ICEA Chairman Pankaj Mohindroo informed Economic Times that the component manufacturing target of Rs 50,000 crore, which was to be achieved by March 2020 has already been achieved. He said that India has crossed the same in spite of lack of progress in some of the 2017 PMP components and even though 2019 components have not yet been notified. 

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Mohindroo opined that it is a matter of great satisfaction that the vertical of PCBA itself will see manufacturing value of over Rs 50,000 crore. He was optimistic by seeing the progress of charger manufacturing where India has also started exporting. Mohindroo believes that these achievements will ensure India’s viability to build a robust electronic manufacturing hub.

He further added that the industry should now focus on establishing – die-cut parts, mechanics, camera module and connectors which have not taken off so far. 

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