- 2014-15: mobile phone production in India – Rs 18,900 Crore.
- 2023-24: expected to be worth Rs 4.10 Lakh Crore.
- 2014-15: export from India – Rs 1,556 Crore.
- 2023-24: expected export from India – 1,20,000 Crore.
- Exports have gone up by 77 times.
- 2014-15: mobile phones imported worth – Rs 48,609 Crore.
- 2023-24: massive decrease – mobiles phones imported worth – Rs 7,665 Crore.
- Imports have gone down by 84%.
- 2014-15: Imported: 74% of all mobile phones in India.
- By FY24: 99.2% “Made in India” mobile phones for India.
- 245 Crore: mobile sets produced in India since 2014.
- 2014: India had just mobile phone manufacturing units.
- By 2024: India has become the second largest mobile phone manufacturing nation with over 200 units.
- By 2024: India now the world’s fastest growing market for mobile phone production.
- Annual production: 325 to 330 million mobile phones.
- 2017: Phased Manufacturing Programme (PMP) – 1st big step to Indianize mobile phone production in India – a Government of India initiative.
- PMP: to incentivize large-scale manufacturing.
- Samsung’s largest mobile phone production factory globally: in India (Noida).
- Deloitte (February 2022): India to have one billion smartphone users.
- 2021-22 Union Budget of India: GOI’s Production Linked Incentive (PLI) scheme for Large-Scale Electronics Manufacturing (LSEM) and IT hardware – 2nd big step.
- PLI scheme: incentives – 3 to 5% – of incremental sales value.
- PLI scheme: to invite big manufacturers like Foxconn, Pegatron, Rising Star and Wistron to set up mobile manufacturing bases in India.
- 2023 to 2028: 8 lakh new jobs/employment in mobile phone manufacturing.
- GOI: worth $126 billion by 2025-26 – mobile phone manufacturing in India.
- By 2024: India’s becomes the second largest 5G market after China, leaving the US behind.
Mobile Phone Production
- Pushing India’s electronics production market up.
- Mobile phone production: 43% of total electronics production in India.
- India’s electronics sector production: FY17 (US$48 Billion). FY23 (US$101 Billion).
- Electronics sector: total employed: 1.2 million (Government of India).