Page 4 - Mobile Phone

India to export 30% of its total smartphone production in FY24: ICEA report

The report, which looks at the smartphone production in India from 2014-2024, said that out of all the smartphones sold in India, 97 per cent were made locally within the country

'Mobile exports to grow to $50-60 bn, electronics sector to employ 2.5 mn'

Mobile phone exports from India will grow more than five-fold to USD 50-60 billion in the coming time from about USD 11 billion last year, Union IT and Communications Minister Ashwini Vaishnaw said on Wednesday. While speaking at a fintech event, the minister said employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days. He said that 10 years ago India imported 98 per cent of mobile phones and at present 99 per cent of the devices are made in India. "(Mobile phones worth) USD 11 billion were exported last year. In the coming days, you will see exports to the tune of USD 50-60 billion. 10 lakh people work in electronics manufacturing. In the coming days, 25 lakh people will work in electronics manufacturing," Vaishnaw said while sharing a presentation on India's growth story. He said India will become the third largest economy by 2027 while it was ranked 11th in 2014. A report published by Jefferies Equity Research

Centre slashes import duty on mobile phone components from 15% to 10%

This comes just a day before the Centre is scheduled to announce its Interim Budget 2024 in Parliament

Our goal is 10% increase in sales within India in 2024: realme founder

Smartphone maker realme expects to increase sales in India by 10 per cent this year as it aspires to be among top five brands globally, the company's founder and CEO Sky Li said on Monday. Li, speaking at the launch of realme 12 Pro Series 5G, said that the company's expectations from India are high this year, with key growth drivers strategically aligned. "As we anticipate a resurgent Indian smartphone market in 2024, fuelled by widespread 5G adoption and a focus on value-centric offerings, our goal is a 10 per cent increase in sales within the Indian market. Despite global economic shifts and inflation, we observe Indian consumers actively seeking enhanced value in smartphone deals, showcasing a keen interest in premiumisation," Li said. According to Counterpoint Research, realme's market share in India grew to 14.4 per cent in the third quarter of 2023 from 13.6 per cent a year ago. The company launched its premium smartphone realme 12 Pro Series 5G in the price range of Rs 25,9

Ashwini Vaishnaw sees case for duty cuts on mobile phone parts: Report

'We have to move from import substitution to export-led growth, that is the transition we need to make. That requires a totally different mindset and a totally different structure,' Vaishnaw said

High import tariffs of mobile device parts offsetting PLI benefits

The high tariffs have also not helped in pushing localisation, an important goal of the government under the scheme where the aim is to reach 40 per cent value addition by FY27

Govt looking to cut import duty on mobile phone components: Report

A decision on the cuts will be taken by the finance ministry when it finalises the budget, the two people said

'Duty cut on mobile phone inputs to boost local production, boost exports'

Import duty cut on mobile phone components can increase domestic production of handsets by 28 per cent to USD 82 billion and boost export, crucial to support indigenous manufacturing, industry body ICEA said on Wednesday. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of mobile manufacturing growth has to come from exports as the production for the local market is close to saturation. He said India will need to enhance competitiveness in mobile manufacturing at the global level by matching the tariffs or reducing the cost of production with respect to countries like China and Vietnam, where import duty on most of the mobile components is nil or in a lower tax bracket. ICEA, whose members include Apple, Foxconn, Dixon, Vivo, Oppo, Xiaomi, and Lava etc, has projected that lowering duties on mobile inputs, as recommended by the industry, will enhance local production of mobile phones to USD 82 billion by 2026-27 compared and USD 64

Electronics exports propelled by mobile show sharpest surge in top 10 club

Electronics exports up from sixth to fifth position this financial year

Govt issues warning for some Samsung phones, advises urgent update

Alert states vulnerabilities can allow an attacker to bypass security restrictions and access sensitive info

About 1K mobile tower applications in UP stuck for approval: Industry body

About 1,000 applications to install mobile towers in Uttar Pradesh are stuck for approval, especially in Noida and Ghaziabad, industry body Digital Infrastructure Providers' Association (DIPA) said on Friday. Mobile towers play an important role in enhancing network quality, especially for 5G services requiring higher numbers of towers as compared to 4G network. DIPA said telecom infrastructure providers are facing problems in getting permissions for deploying infrastructure in UP, especially Noida and Ghaziabad. DIPA Director General T R Dua said despite applying on the online portal Nivesh Mitra -- the single window system of the Uttar Pradesh government -- after providing all necessary documents and depositing the application fee, no permission for deployment of telecom infrastructure has been granted. Close to 1,000 applications are pending, where the members have already made non-refundable payments of Rs 1,000 each, amounting to Rs 10 lakh, DIPA said in a statement. DIPA mem

Statsguru: India is one of the world leaders in assembled phones industry

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

ED raids 2 ex-Punjab ministers; seizes docs, mobile phones, electronics

"Incriminating" documents, mobile phones, and other electronic devices were seized by the ED after raids against two former Punjab forest ministers and Congress leaders Sadhu Singh Dharamsot and Sangat Singh Giljian and others as part of an alleged forest scam-linked money laundering probe. The federal probe agency issued a statement on Friday, saying its investigation pertains to charges of "bribery" in the state forest department against the issuance of a permit for tree felling and for transfer/posting in the department, among some other allegations. The raids were conducted on November 30 in Punjab, Haryana and Delhi at the residential premises of Dharamsot, Giljian, their associates, forest officers and some private individuals, the Enforcement Directorate (ED) said. Dharamsot (63), has been a five-time MLA and he was arrested earlier this year by the Punjab Vigilance bureau as part of a case linked to alleged possession of disproportionate assets. Giljian has been an MLA from

FinMin directs ministries to adhere to mobile, laptop issuance guidelines

The finance ministry has asked various departments and ministries to follow the guidelines with regard to issuance of mobiles, laptops and similar devices to officers and withdraw any policy which is at variance with the Department of Expenditure's guidelines. The Department of Expenditure under the finance ministry had in July issued guidelines for issue of mobile, laptop, tablet, phablet, notebook, notepad, ultra-book, net-book or devices of similar categories to eligible officers of Government of India for official work. Issuing a fresh office memorandum, the Department of Expenditure said it has come to its notice that various ministries/departments have issued their own policies regarding this which are not in line with the spirit of the finance ministry's guidelines. "Ministries/Departments are hereby directed to stop/withdraw their own policies on the subject and strictly adhere to the instructions issued by this Department in letter and spirit," the Department of Expenditure

Mobile phone players oppose TEC proposal on direct TV broadcast on handsets

Mobile phone industry body ICEA has opposed incorporation of a new standard for providing direct television service on handsets in absence of its acceptance in global standards. State-run Telecommunications Engineering Centre (TEC) had floated a consultation paper for television broadcasting directly on mobile handheld devices or Direct to Mobile Broadcasting technology. In the process, TEC has sought industry views on incorporating a video standard, ATSC 3.0 in the national standard. According to India Cellular and Electronics Association, whose members include Apple, Nokia, Lava, Foxconn, Dixon etc, India is aggressively pushing for mobile manufacturing in the country and all the major brands are producing and exporting phones from India. "The design and manufacture of mobile phones to incorporate ATSC 3.0 will adversely impact mobile manufacturing efforts. The inclusion of any technology which is not proven and globally acceptable goes against the market forces and will derail t

Google Pixel 8 bets on premium segment in India, but challenges galore

The Pixel range and its new Pixel 8 (which starts from Rs 75,999, aimed at the upper premium end of the market, where Samsung is the big boy it has so far not set the market on fire

Flipkart Big Billion Days, Day 3: Mobiles, laptops to buy at low prices

Flipkart is offering mobiles and laptops at a huge discount during the Big Billion Days sale, which started on October 8, 2023. Here's everything you should know about the sale and discounted products

Mobile phone exports from India almost double to $5.5 bn till Aug in FY24

Mobile phone exports from India almost doubled to USD 5.5 billion, about Rs 45,700 crore, till August this financial year, according to industry body ICEA's estimates. ICEA said, mobile phone exports from India between April-August 2023 was around USD 3 billion, about Rs 24,850 crore. A source, who did not wish to be named, said, with Apple exported mobile phones worth more than Rs 23,000 crore, thereby accounting for a little over half of the total export. An email query sent to Apple did not elicit any reply. Commenting on the overall mobile phone export, ICEA Chairman Pankaj Mohindroo told PTI that mobile phone exports from India continue to buck the overall trend of muted global trade by registering a massive growth of more than 80 per cent. "India continues to strive hard to be a preferred location for GVCs. It is work in progress but the trend is positive," Mohindroo said. According to ICEA estimates, mobile phone exports from India have doubled to surpass Rs 90,000 crore,

Lava launches Blaze Pro 5G smartphone with 5000mAh battery: Price, specs

Priced at Rs 12,499, the Lava Blaze Pro 5G will be available online on e-commerce platform Amazon India and at select offline stores from October 3

India's Lava looks to corner a third of feature phone market share

Since it was set up in 2009, Lava has become popular for the budget phones, which have a keypad but no high-end features