The first of a three-part series looks at how manufacturing units are gearing up to the new normal
Decision to help electronics manufacturers make India a global hub; Apple, Samsung may gain
Indus OS, a start-up from Bangalore, has an Indianised operating system for mobiles, used by phone makers like Karbonn and Micromax, among others
The government has increased incentive on exports of mobile phones to 4 per cent under the duty drawback scheme, according to an official notification. The additional ad hoc incentive of 2 per cent under the Merchandise Exports from India Scheme (MIES) will be available for exports of mobiles from January 1 to March 31, 2020, period, the notification by the Directorate General of Foreign Trade said. The increased incentive of 4 per cent or Rs 350 per handset whichever is less from the earlier cap of Rs 197 would help boost exports, industry said. Commenting on the government move, India Cellular & Electronics Association (ICEA) Chairman Pankaj Mohindroo said, "ICEA has been relentlessly pursuing the Government of India to increase or introduce export benefits for the mobile phone industry. The increase in the Duty Drawback Cap has helped make exports more competitive. The All Industry Rate (AIR) of 4 per cent with a cap of Rs 350 is yet another step forward to build India as a ...
In India, Samsung is likely to remain focused on the domestic market but it is also expanding exports.
Nearly 60% of the market is made up of exports by the companies
Around 78 per cent of the total domestic requirement of mobile phones in 2014-15 were met through imports
The research projects that in 2018-19, mobile handset manufacturing is expected to create a value of Rs. 1.65 trillion from 290 million units
But yet to reach pre-Nokia levels