At present, India is the biggest mobile phone manufacturer in the globe, 2nd only to China. As per the study carried out by the ICA (Indian Cellular Association), the yearly manufacture of mobile phones in the nation has elevated to 11 Million handsets in 2017 from 3 Million handsets in 2014.
India, captivating the 2nd position, has shifted Vietnam into 3rd spot. As numerous mobile phones are being made locally, trading in of phones has decreased to below half in 2017–18. The ICA, together with Manoj Sinha, the Telcom Minister, and Ravi Shankar Prasad, the IT Minister, looked up at the market details that were accessible through the market research company, IHS Markit Ltd., General Statistics Office of Vietnam, and National Bureau of Statistics of China.
According to that information, India currently holds for 11% of worldwide mobile production that is much greater than the 3% back in 2014. The ICA National President, Pankaj Monhindroo, mentioned, “We’re content to tell you that with the backbreaking and standardized attempts of the Government of India, Fast Track Task Force (FTTF), and ICA, now India has surfaced as the 2nd biggest maker of mobile devices by volume.”
The FTTF, a unit that comes within the Ministry of Electronics and IT, has placed its views on the goal of 500 Million mobile phones manufactured by 2019 locally, anticipated to be esteemed at about $46 Billion. FTTF aims at exporting around 120 million units priced at about $1.5 Million.
The FTTF, apart from riding the wave of elevated production, has also set an objective of making component production of $ 8 Billion and service worth $1.5 Million, both indirect and direct, by 2019. “As long as we get the appropriate spotlight on exports, we’ll be capable of attaining these numbers,” As said by Monhindroo.