India emerges as the second-largest mobile phone manufacturer in the world: Ravi Shankar Prasad
According to Electronics and Information Technology Minister Ravi Shankar Prasad, India has emerged as the second-largest mobile phone manufacturer globally
With over 200 mobile phone manufacturing units set up in the country in the past five years, India has emerged as the second-largest mobile phone manufacturer in the world, Union Electronics and Information Technology Minister, Ravi Shankar Prasad has said. The union minister is slated to launch new schemes for Indian electronics at a press conference on Tuesday (June 2) as well.
"Under the leadership of PM @narendramodi , India has emerged as the 2nd largest mobile phone manufacturer in the world. In the last 5 years, more than 200 Mobile Phone Manufacturing units have been set up. #ThinkElectronicsThinkIndia," Prasad tweeted on Monday.
According to a graph shared by the minister, India exported 36 million units of smartphones in FY 2020 as compared to 17 million units in FY 2019 which means a 111.76 per cent growth. In terms of value, smartphones worth Rs 21,000 crore were exported with a growth rate of 91 per cent in FY 2020.
“Now is the opportunity for companies to consider #India as a destination in ESDM sector and be part of the next largest #ElectronicManufacturing Hub of the world. #ThinkElectronicsThinkIndia.” The government will announce new schemes at 12:00pm on June 2 to take “Indian Electronics forward”, the Ministry of Electronics and IT noted.
It is pertinent to note that smartphone makers such as Samsung, Realme and Xiaomi are at the forefront of handset manufacturing in India. Even Apple is mulling manufacturing devices locally in the country. In a recent interview with Times Now, Madhav Sheth, Vice President, Realme and CEO, Realme India, confirmed the handset maker will set up its own SMT lines in the country for Realme Smart TVs.
"For Realme smartphones, we started our SMT assembling lines from day 1. Our commitment to Realme Smart TV will be the same. We will start SMT production lines here in India for Realme Smart TV. We are investing in a complete production line -- starting from basic components to panel assembling, and SMT," Sheth, had told Times Now.
The Shenzhen, Guangdong-headquartered company, is also committed to bring more production to India and contribute more to the country's economic growth post the coronavirus-induced lockdown.
South Korean tech titan Samsung leads the way when it comes to local manufacturing -- the firm had set up the world’s largest mobile factory in Noida, Uttar Pradesh.
Manu Kumar Jain, Vice President, Xiaomi, and Managing Director, Xiaomi India also tweeted: "Super proud: #India has become the 2nd largest manufacturing hub in the world for phones! Our 1st manufacturing plant started 5 years ago. Today: 99% phones #MadeInIndia 65% parts locally sourced 35,000 workforce 95% are women."
Courtesy: Times Now