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India Becomes Second Largest Mobile Phone Producer In The World

NEWS WORLD INDIA | 0
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| April 1 , 2018 , 17:33 IST

India has now become the second largest mobile phone producer in the world after China as per Indian Cellular Association.

ICA shared the data with the Ministry of Information Technology on the basis of market research firm IHS, China’s National Bureau of Statistics and Vietnam General Statistics Office. According to ICA, annual production of mobile phones in India increased from 3 million units in 2014 to 11 million units in 2017.

In a letter to Union Ministers Ravi Shankar Prasad and Manoj Sinha, ICA President Pankaj Mohindroo on 28 March said, "We are happy to inform you that with the strenuous and calibrated efforts of the Government of India, ICA and FTTF, India has now emerged as the second largest producer of mobile handset by volume”.

"We are also happy to inform you that our completely build units as a percentage of the domestic market has now come down from 78 percent (2014-15) to 18 percent (2017-18)." Mohindroo added.

The FTTF (Fast Track Task Force), a body under Ministry of Electronics and IT in India, has set a target to achieve around 500 million mobile phone productions in India by 2019, with an estimated value to be around USD 46 billion.

The body has set the target to export 120 million mobile phone units with an estimated value of USD 1.5 million by the end of next year.

FTTF also set a target to create USD 8 billion component manufacturing as result of growth in mobile phone production and create 1.5 million direct and indirect jobs by 2019.

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