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Demand for premium mobile phones will drive handset production and export growth in value terms, aligning with the targets under the production-linked incentive scheme, a senior government official told PTI. While industry experts have projected de-growth in sales volume of mobile phones, the government, under Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), has projected growth in domestic production of smartphones to Rs 39 lakh crore from around Rs 11.5 lakh crore as well as double exports to Rs 15 lakh crore during the scheme period from Rs 7.5 lakh crore under production linked incentive (PLI) scheme. "There is going to be premiumization. Premiumization growth will be much heavier. Also adoption of premium phones will also double the export. Analysts are talking about the Indian market," Electronics and IT Secretary S Krishnan said. He said the production in India will also grow in volume terms as there might be shifts in production destinations by the companies. "The .
Chinese mobile company Vivo plans to hive off its Noida-based manufacturing unit to its upcoming joint venture with domestic electronics manufacturing services firm Dixon Technologies and move to an asset-light business model in India, sources aware of the development told PTI. The government on Wednesday approved Vivo Mobile India's application to form a joint venture with Dixon Technologies. The approval came after about 18 months of signing a pact between the two companies. "Vivo's Noida manufacturing unit will become part of the JV and gradually the mobile company will move to an asset-light business model," a source aware of the development said. Email query sent to Vivo and Dixon in this regard did not elicit any immediate reply. Dixon Technologies will hold a 51 per cent stake in the proposed JV and Vivo Mobile India Private Limited (VMI) will hold 49 per cent stake. The JV company will carry on the business as an original equipment manufacturer (OEM) of electronic devices