‘Made in India’ mobile phones helps India save 3 lakh crores in 4 years

Driven by the Government’s ‘Make in India’ initiative, the mobile handset manufacturing eco-system in India has helped the country save over Rs 3 lakh crore by substituting imports of completely-built units (CBU) with locally manufactured and assembled handsets and has helped in creating over 450000 jobs during the past four years.

According to reports at least 120 mobile and its components manufacturing units have flourished in different parts of the country in the last. India Cellular and Electronics Association (ICEA) confirmed that over 225 million handsets were manufactured in the year 2017-18, which is almost 80 percent of the total market requirement of the country.

As per ICEA estimates, the collective value of mobile phone manufactured in India in the current financial year, 2018-19, will reach Rs 1,65,000 crore and the expected turnover of units stand at 290 million handsets in the same year.

- Advertisement - - Article resumes -

ICEA chairman & national president, Pankaj Mohindroo, has been quoted as saying that, “Most global handset brands and manufacturers are eyeing India, which is the world’s fastest growing smartphone market, having overtaken the US last year to become the world’s second largest smartphone market after China.”

“Mobile phone imports will trickle down to insignificant levels of around five to seven percent of the market (less than Rs. 1000 crore/month) by the end of 2018 financial year,” Mohindroo said, adding that India is moving towards almost zero imports for mobile phones in the coming years.

As India moves into the fourth year of Modi governance, the country can proudly showcase several landmark policy initiatives, ‘make in India’ is one of them, that have lifted the mood of the nation which had witnessed ten years of policy paralysis under the Congress-led UPA.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Activist opposing Akshaya Patra’s mid-day meal contract thinks ‘Brahmins obstruct India’s development’

The Akshaya Patra has come under criticism recently for not including onion and garlic in its mid-day meals for school children.

Mumbai Police teaches a lesson in humility to ‘special’ Sonam Kapoor

Actor Dulquer Salman clarified that he and Sonam were sitting inside a car that was rigged to a truck and hence were not breaking traffic rules.

Uttar Pradesh: Eight cattle smugglers arrested in Bahraich with arms and ammunition

The smugglers even tried to trample the police personnel with their vehicle.

Church of South India Archbishop Dyvasirvadam arrested in church fund scam, reports Times of India

According to the report, archbishop Dyvasirvadam was allegedly involved in misappropriation of church fund for over a decade

Rafale: SC examined the pricing details closely, ‘did not rely’ on CAG report as claimed by Rahul Gandhi

Rahul Gandhi has claimed that the Supreme Court verdict on Rafale was based only on the CAG report, while it is not true

Double whammy for Congress in court: After Rafale verdict, Rakesh Asthana’s appointment as special director gets SC approval

The Supreme Court's verdict is being seen as the second major embarrassment for both the Congress party and Prashant Bhushan, as the Supreme Court had earlier rejected a plea on the issue of a probe concerning the Rafale deal.

Congress friendly journalist wishes death upon BJP Delhi spokesperson Tajinder Bagga

During the run-up to Gujarat assembly elections last year, Trivedi was caught spreading morphed images with Amit Shah's fake quotes on Patidars

Pro-Congress troll resumes fake news website, makes outlandish claims on Rafale targeting Modi

Abhishek Mishra has been associated with the website which spreads fake news and Islamist propaganda
Modi government vindicated, SC says Rafale Deal clean

SC verdict on Rafale deal: Read scathing comments made by Court while dismissing petitions for inquiry

Supreme Court dismissed petitions for an enquiry into Rafale deal pricing, offset partner selection and procurement procedure. Read scathing observations

Rafale: They wanted to pull Modi down to their level

The Congress and its ecosystem is strong and well oiled.

Latest articles

Connect with us

125,686FansLike
98,016FollowersFollow
6,133SubscribersSubscribe

Don't miss these