Mobile phone mfg scripts success story
78% of all the mobile phones sold in the country in 2014 were imported, about 97% of the mobile phones are now manufactured in India
New Delhi: The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector.
While 78 per cent of all the mobile phones sold in the country in 2014 were imported, about 97 per cent of the mobile phones are now manufactured in India.
According to the industry body, India Cellular & Electronics Association (ICEA), mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold increase.
Cumulatively, over 245 crore mobile phone sets have been produced in India during the last 10 years.
In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore.
The industry expects to end FY24 with an estimated export of Rs 1,20,000 crore. Driven by this export growth, mobile phones have now become India’s fifth largest export as an individual commodity. This exponential growth in production, exports and self-sufficiency stems from a conducive policy environment, and a close working relationship between industry and key government Ministries such as the Ministry of Electronics & IT, DPIIT, Ministry of Commerce, Ministry of Finance, NITI Aayog and the PMO, the experts said.
