‘Make In India’ Spurs 2 Billion Mobile Phone Production In India

- Advertisement -
  • India experienced a 23% CAGR surge in mobile phone production, surpassing 2 billion units.
  • Fueled by substantial domestic demand, rising digital literacy, and government initiatives, India is the world’s second-largest mobile phone producer.

market-growth

Under the ‘Make in India’ initiative, mobile phone shipments surpassed the remarkable milestone of 2 billion units between 2014 and 2022. This achievement reflects steady growth with a compound annual growth rate (CAGR) of 23%. This expansion can be largely attributed to the substantial domestic demand, a rise in digital literacy, and proactive efforts by the government. Consequently, India has ascended to become the second-largest producer of mobile phones globally.

The Indian administration has implemented various strategies and programs to fortify domestic manufacturing and enhance value addition. Initiatives such as the Phased Manufacturing Program (PMP), Make in India, Production Linked Incentive (PLI), and Atma-Nirbhar Bharat (Self-Reliant India) have been introduced to foster local production. These collective measures have catalysed the surge in mobile phone production and solidified India’s position as a significant mobile phone manufacturing industry player.

- Advertisement -

According to Tarun Pathak, the Research Director, India’s mobile phone manufacturing landscape has significantly transformed. In 2022, an impressive 98% of all shipments within the Indian market were identified as ‘Made in India’, a notable increase from the mere 19% recorded when the current government assumed office in 2014. 

The proportion of local value addition in India reached an average of over 15%, a remarkable upturn from the previously meagre single-digit figures of eight years ago. Many firms have established factories in India for mobile phones and essential components, driving investments, jobs, and overall industrial progress. This surge in industrial activity has translated into heightened investments, increased job opportunities, and the overall advancement of the manufacturing ecosystem.

The government aims to make India a leading semiconductor hub with a promising future for increased smartphone production. India will bridge the urban-rural digital gap and become a mobile phone export leader. Through this initiative, the government introduced the Phased Manufacturing Program and raised import duties on finished units and key components to encourage local production and value addition. The ‘Self-Reliant India’ plan introduced the Production Linked Incentive (PLI) for 14 sectors, including mobile phones, leading to increased exports. The government’s future focus lies in establishing India as a semiconductor hub, with a proposed infrastructure investment of $1.4 trillion.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Important Sectors

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

Raptee Debuts First EV Motorcycle From Chennai Plant

0
Raptee Energy is gearing up for the commercial launch of its motorcycles by priming its assembly line, preparing the initial batch for testing, and...

Manufacturing

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...