Production of Mobile phones in India reaches 100 million units
India: India is acting as a magnet
for investment which fetches the focus of manufacturing firms especially in
electronic vertical of the industry. In the past month, the vertical has gained
the investment of INR 1.16 lakh Crore in India. The tremendous growth in the
investment in the electronic vertical is an outcome of ‘Make in India’ wave
created by Prime Minister of India.
As the smartphone market is booming
across the world, and demand of advanced technology and low cost mobile phone
increases; the manufacturing firms are looking for an option where they can meet
their cost with excellent products. Due to these mentioned reasons, India has
attracted close to 15 mobile plants which indulge in manufacturing mobile
handset for consumers in India as well as across the globe.
In the year 2014, the country was
manufacturing close to 68 million units mobile phones which has increase up to
100 million units in the year of 2015. The government official states that in
terms of value the mobile manufacturing vertical has reported exponential
growth of 95 per cent in the ongoing fiscal year as compared to the previous
financial year.
Moreover, apart from the investment and
new plants, the country witnesses 30 thousand new jobs.
The Telecom Minister Ravi Shankar Prasad
is very optimistic about the market, and reiterated his extended support for
new technologies experimentation in the country. On the same lines, he stated
the two initiatives by the global technology giants -Google and Microsoft;
where in Google’s Project Loon and Microsoft’s white space spectrum use for
broadband. Mr. Prasad said, if the pilot projects become successful in India,
then after looking into security concerns, a decision would be taken.
According to TechSci Research depicts
that the growth in investment in electronic manufacturing is expected to make
India as the key manufacturing hub. As well, the foothold of the country in IT
service sector enhances the advantage of India as an investment option.
Technology giants are focusing on India and building their centers, launching
India focused projects, and so on makes the country more attractive for
investments.
Further, TechSci Research discusses that
the increase in the production of mobile phone units in India and close to 95
per cent increase of production in value term is the clear proof of high
consumer demand, superior manufacturing capabilities, conducive government
policies, and efficient human resource.