You are here: Home » Technology » News » Mobiles & Tablets
Business Standard

India replaces Vietnam to become 2nd largest cell phone producer: ICA

With the rise in mobile phone production, imports of the devices in the country also reduced to less than half in 2017-18

Press Trust of India  |  New Delhi 

smartphone

is now the second largest in the world after China, as per information shared by with Manoj and Prasad.

"We are happy to inform you that with the strenuous and calibrated efforts of government of India, and FTTF, has now emerged as the second largest of mobile handset by volume," said in a letter to both the union ministers on March 28.

referred to data available from market research firm IHS, China's National Bureau of General Statistics Office.

According to the data shared by ICA, annual production of in increased from 3 million units in 2014 to 11 million units in 2017.

India replaced to become second largest of in 2017.

With the rise in production, imports of the devices in the country also reduced to less than half in 2017-18.

"We are also happy to inform you that our completely build units as percentage of domestic market has now come down from 78 per cent (2014-15) to 18 per cent (2017-18)," Mohindroo said.

The fast track task Force, a body under and IT, has set target to achieve around 500 million production in India by 2019, with value estimated to be around USD 46 billion.

The FTTF, which has members from industry and government, has set target to create USD 8 billion as result of growth in mobile phone production and create 1.5 million direct and indirect jobs by 2019.

The body has set the target to export 120 million mobile phone units with an estimated value of USD 1.5 million by the end of next year.

"As long as we bring the right focus on exports, we will be able to achieve these numbers," Mohindroo said.

First Published: Sun, April 01 2018. 15:22 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU