Mobile Manufacturing Industry In India

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 .

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

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.

Vietnam serves as a key manufacturing hub for Samsung, with the company exporting over $52 billion worth of mobile phones and spare parts in financial year 2024

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

Dixon Technologies' Mobile and Electronics Manufacturing Services (EMS) division emerged as the primary engine of the company's success during Q3, analysts said.

Commercial production to supply cells to Apple is expected to begin in the next 12-18 months

Under the 'Make in India' initiative, the share of domestically assembled phones of the total phone shipments (or sales) rose to 98 per cent in 2022 from 19 per cent in 2014

Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka

A report released by BofA said that the share of India in iPhone manufacturing may even go higher if Apple's vendors expand here

Pricey devices shape industry as shipments for the popular segments decline

"After mobile handsets, Flex is now bullish about turning India into an IT and telecom gear hub"

Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers

India is to be Apple's second significant global hub

The state has signed 28 memoranda of understanding (MoUs) for projects envisaging investments of around Rs 28,000 crore

Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour

The company has plans to raise Rs 285 crore from sale of one of its buildings in Noida to Kailash Darshan Housing Development

Prime Minister Narendra Modi said that India is emerging as the most preferred destination for mobile manufacturing

Govt's mobile manufacturing booster plan: Will iPhone get cheaper in India?

Analysts say the production linked incentive (PLI) scheme will turn Apple's fortunes in India. Will iPhone be more affordable for Indians? Listen to the podcast to know more

The scheme aims to make India a manufacturing and export hub for mobile phones