November 28, 2023
Approximately US$ 11 billion worth of handsets are exported this year
Electronic manufacturing has reached a volume of 8.5 trillion in the country
Around 250,000 people are employed in the country’s mobile phone industry
The government envisions a comprehensive electronics value chain in India
India has experienced a notable increase in mobile phone manufacturing, with the sector’s value growing from a modest figure to US$ 44 billion today, according to the Minister of Electronics and Information Technology, Ashwini Vaishnaw.
Approximately US$ 11 billion worth of handsets are exported this year. During his visit to Tata Electronics’ iPhone casings factory in Hosur, Vaishnaw highlighted the substantial growth, noting that a decade ago, electronic manufacturing was a smaller industry, but today, it has reached a volume of 8.5 trillion in the country.
Highlighting India’s ascent up the value chain, the minister underscored the diverse array of parts, components, and sub-assemblies manufactured within the country. Over the past eight and a half years, India has achieved a position where it can lead in export-driven roles within the electronics industry. A decade ago, a whopping 98% of mobile phones used in India were imported, a figure that has now dwindled to 0.8%, showcasing the success of the Make in India initiative.
With around 250,000 people directly employed in the mobile phone industry, the minister described the recent Tata takeover of Taiwanese company Wistron’s iPhone assembly plant in Karnataka’s Kolar district as a precision-focused operation.
Discussing recent approvals under the production-linked incentive 2.0 scheme for IT hardware, Vaishnaw revealed that 27 companies, with at least 23 already active, are part of the initiative. The minister envisioned a comprehensive electronics value chain in India, encompassing the manufacturing of PCs, mobile phones, power electronics, servers, and laptops.
Source: Economic Times