Indian Cellular Association (ICA) has said demand for mobile handsets in India is projected to reach 250 million in 2014 with an estimated value of Rs 54,000 crore.
The demand for mobile handsets will reach 225 million units and 250 million units in 2013 and 2014, respectively, said Minister of State for Communications and IT Milind Deora in a written reply to Rajya Sabha today citing the projected statistics given by ICA.
The demand in terms of value of handsets in these two years will be 48,200 crore and 54,000 crore, respectively, Deora said.
"As per the data provided by Indian Cellular Association, the demand for mobile handsets has grown by 20% to 180 million in the year 2011 as compared to 150 million for the year 2010," Deora said.
He added that in value term the same stands at Rs 38,200 crore in 2011 as compared to Rs 34,500 crore in 2010 at a growth rate of 11%.
Citing statistics of the industry body for mobile handset companies, Deora said the demand will reach to 200 million in volume term at a growth rate of 11% in the year 2012.
"...While in value term, the same will stand at Rs 43,000 crore at a rate of growth of 13%," Deora said.