India Mobile Manufacturing To Reach Rs 132,000 Cr By 2018

The Indian mobile manufacturing industry is expected to reach Rs 132,000 crore by end of 2018, Minister of Electronics and IT Ravi Shankar Prasad said at an industry event held in the capital today.

Building local mobile manufacturing industry in India was one of the Prime Minister Narendra Modi’s primary development agendas for the country when he took office in May 2014. And if we go by the data available in the market, the industry has responded well to the PM’s clarion call.

He said the industry has shown tremendous growth in the last three years. India manufactured 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15 showing a growth of over 90%. In value terms India’s mobile manufacturing industry produced mobile phones worth Rs 54,000 crore in FY15-16 compared to Rs 18,900 crore in FY14-15. The same reached Rs 94,000 crore by end of 2017.

“And I’m sure, this industry would touch Rs 132,000 crore by 2018,” said Prasad at the event organised by industry body Assocham.

In terms of volume, the minister said, in 2014 India produced 5 core mobile phone made locally in India which reached to 15 crore in 2015-16. In 2017 the Indian mobile manufacturing industry produced 22 million mobile phones.

“And I believe the industry would produce 50 million mobile phones by 2020,” hoped the minister.

India has a target of producing 500 million mobile phones from local manufacturing units by 2019. The country is also actively working towards setting up a components manufacturing industry in India and the department of electronics and information technology has set up a fast track task force (FTTF) in this regard.

In terms of electronics manufacturing units, the minister said within three years, the industry added 120 such unis.

“Two-third of these are mobile manufacturing units and there 54 such units in Noida alone. On top of that these industries employ 5 lakh people,” he added.

Almost all the mobile  phone brands operating in India have set up their mobile manufacturing units in India in the last two-three years. Some of the major brands include, Samsung, Lenovo, Huawei, Xiaomi, Micromax, Lava, Karbonn and Intex. Some of the manufacturers set up their factories include Foxconn, Compal Electronics, Hi-Tech and V-Sun.

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