India Mobile Manufacturing

The government has collected a total of Rs 3.25 lakh crore from the mobile phone industry in lieu of the Rs 19,000 crore mobile production-linked incentive doled out to the segment, according to data shared by Union minister Ashwini Vaishnaw on Wednesday. The stats shared by the Union electronics and IT minister on X showed that the government paid Rs 19,000 crore in incentives under the scheme and in return collected Rs 25,000 crore as direct tax and Rs 3 lakh crore in the form of Goods and Services Tax (GST) from the beneficiaries. "Electronics manufacturing employs 25 Lakh people; mobile manufacturing alone employs 12 Lakh. Cope harder!!" Vaishnaw said. The minister's post came in response to a media opinion video claiming drawbacks of India's attempt to push electronics manufacturing through subsidies using public money compared to the ecosystem that exists in China. According to the video, the import of components costs India more than it gains from exporting finished mobile .

India's mobile manufacturing push has fallen short of its FY26 targets, with production at $70 billion and exports at $29 billion, delaying the original ambitions by several years

The production-linked incentive scheme for large-scale electronics manufacturing, due to end on March 31, has propelled India as the second-largest smartphone maker in the world. What's its future?

The brokerage lowered its target price to ₹16,598 from earlier levels, implying a 36 per cent upside from current prices.

Union Minister for Telecommunications Jyotiraditya Scindia and Minister of State for Telecommunications Pemmasani Chandra Sekhar will also be present for various sessions during the four-day event

Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive.

In its latest partnership expansion, Tata is taking over the mandate from an Indian unit of Taiwan's Wistron, ICT Service Management Solutions

Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics

Merchandise imports in the same month rose 7.7 per cent year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion

It suggested that a PLI 2.0 for mobile phones should be modelled on the revamped PLI for IT hardware so that incentives are linked to value addition to avoid the failures of the first scheme

Rather than solely focusing on boosting exports, India should aim to become a global supplier of key components

This comes just a day before the Centre is scheduled to announce its Interim Budget 2024 in Parliament

A decision on the cuts will be taken by the finance ministry when it finalises the budget, the two people said

TMS Ep549: Mobile manufacturing, telecom tax, Andrew Holland, space station

Will Google's Pixel move make India a major smartphone producer? Are telcos in trouble again? What is Andrew Holland's take on the markets? What is a space station? All answers here

The decline in input costs is also expected to help manufacturers increase their profit margins

Q&A: Mobile makers better prepared for 5G, says Qualcomm India president

How prepared are mobile makers for 5G? Will the price fall in the sub-Rs 10,000 segment? Qualcomm India President Rajen Vagadia answers key questions in an exclusive interview with Surajeet Das Gupta

Apple manufacturer invests Rs 1,255 crore in India factory

16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.

However, auto parts makers welcome it as a step that will help localisation

PLI schemes have already set off the expected lobbying