On Monday, Ravi Shankar Prasad, Law & Justice, Communications, Electronics & Information Technology Minister of India announced that India has emerged as the second-largest mobile phone manufacturer in the world. Prasad said that in the last five years, more than 200 Mobile Phone Manufacturing units have been set up in the country.
According to the graphical representation shared by Prasad, compared to 2014 mobile handsets manufacturing units have grown by > 200 per cent in 2019. The graph shows that the number of mobile phones produced is in the financial year are 330 million), and the value of mobile handsets products up to $30 million.
“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,” Prasad posted on Twitter.
The Ministry of Electronics and IT also noted, “Now is the opportunity for companies to consider #India as a destination in ESDM sector and be part of the next largest #ElectronicManufacturing Hub of the world. #ThinkElectronicsThinkIndia.” The government will announce new schemes at 12:00pm on June 2 to take “Indian Electronics forward”.
Several smartphone companies including Apple are considering beginning locally manufacturing phones. Many already manufacture their products in the country. Xiaomi India head Manu Kumar Jain tweeted that 99 per cent of Mi and Redmi phones are Made-in-India and 65 per cent parts are locally sourced.
Apple already manufactures some iPhone models locally in India with the help of its collaboration with contract manufacturers Wistron and Foxconn. Some reports now suggest that the Cupertino major is looking to begin local manufacturing more and more of its products and taking advantage of the production-linked incentive (PLI) scheme.