The new mobile manufacturing scheme rewards incremental sales, localisation and domestic R&D, potentially supporting Dixon's exports and smartphone volumes
The ₹62,500 crore scheme replaces the mobile PLI and seeks to boost exports and localisation, while offering separate incentives to support Indian brands
Five-year scheme offers production-linked incentives and additional benefits for domestic sourcing of key components, while providing support for Indian mobile phone brands
India's electronics production is rising rapidly, but growing dependence on imported components continues to limit domestic value addition and widen the trade deficit
India's electronics boom is undeniable. The bigger question is whether it's building a deep manufacturing ecosystem, or simply assembling products designed and supplied elsewhere
In this context, the government's recent approval of the Dixon-Vivo joint venture and reduction of import duty on select items highlight that building domestic technological capability does not requir
The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
The second phase will support chip design through grants and equity investment, while semiconductor equipment, chemicals, gases and materials will receive a 30 per cent incentive
The proposed joint venture has already secured clearance from an inter-ministerial panel, with formal government approval expected soon to operationalise the partnership
Apple is nearing forex-positive iPhone production in India as exports rise and localisation improves, according to a senior Meity official
Global mobile device players said they will be looking at alternatives if the duties stay at existing levels
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
Sunil Vachani, co-founder and executive chairman, Dixon Technologies spoke on the need to deepen local production and value addition at BS Manthan
While mobile phone production capacity reached over 500 million units by the end of 2024, India only produced around 250 million, primarily iPhones for export
Smartphone exports in November reached Rs 20,395 crore, representing a staggering 92 per cent increase over the same month last year, when the figure was Rs 10,634 crore
New requirements for feature phones to support 'auto readout' of emergency messages will increase their cost due to the need for more memory
Besides, foreign investors are closely watching the situation at Samsung, and concerns over prolonged labour unrest may lead them to reconsider their plans in India
Once fully operational, this capacity can be doubled to 120 million units, said the company in its annual India Impact Report 2023
Apple Inc sold more than 7.5 million iPhones in India last year, according to estimates
Mobile phone manufacturing in value terms has jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years with government policy push but actions of enforcement agencies are bringing unpredictability which needs to be checked, a top official of mobile phone makers industry body ICEA said. While speaking about the achievement of the mobile industry in the last 10 years, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of growth in the country will come from exports and there is a need to build domestic champions in the sector as part of government's 'Atmanirbhar Bharat' (self-reliant India) plan. "Unpredictability in ease of doing business arising out of some actions of enforcement agencies needs to be checked. We need to build an environment of trust between enforcement agencies and the industry," Mohindroo said. He was speaking at an outreach programme organised by Union Minister Hardeep Singh Puri and Minister of State for