72 mobile firms set up plants in India

As many as 72 mobile manufacturing companies have set up their plants in India in the last 30 months and produced Rs 89,756 crore worth handsets.

Since the NDA government came to power (May 2014) till June 10, 2017, one lakh direct and three lakh indirect jobs have been created in mobile manufacturing sector, claimed Ministry of Electronics and Information Technology, in its report card. Samsung, Xiaomi, Lenovo and Oppo are among top players that make their mobile handsets in India. Among the most recent entrant is contract manufacturer Wistron Corp, which makes the Apple iPhone SE at its Bengaluru plant. The world’s leading contract manufacturer Foxconn has set up five assembly plants in Andhra Pradesh and is working on another in Maharashtra. Samsung has already announced an investment of Rs 5,000 crore to double mobile phone manufacturing by 2020.

Union Minister for Electronics and Information Technology Ravi Shankar Prasad, who released the report card during his interaction with top IT and Electronics industry leaders here on Friday, said even in electronic manufacturing segment, production of LCD/LED television sets have gone up from 82 lakh units in 2014-15 to 1.5 crore units in 2016-17.

As the government set the target to achieve Indian digital economy $1 trillion by 2022 from around $450 billion at present, the government is aggressively pushing growth in electronic manufacturing, IT/ITeS, cyber security, telecom, ecommerce and digital payments.

As of now, the Indian electronics market is estimated to be around $100 billion, IT sector $160 billion, telecom $80 billion, ecommerce $30 billion, and the rest is estimated to be size of shared economy like taxi hailing services, startups, etc.