It has been shared that 97% of mobile phones used by Indians are made in India. The country’s Minister of State for Electronics and Information Technology Rajiv Chandrashekhar shared the statistics recently at a CyFY2022 program organized by the Observer Research Foundation (ORF).
And the data is an indication of how staggeringly India is becoming self-reliant on mobile phones in a matter of years. Chandrashekhar added, “In 2014 more than 92 percent of the mobile phones used in India were imported. More than 97 percent of the mobile phones used in India today are made in India. Today we export electronic components worth $12 billion.”
The figure highlights its trajectory of success in manufacturing electronics. From an importing economy, the country has transformed itself to even export electronic components.
Recently, Economic Times reported that India’s mobile phone export crossed $1 billion. The country shipped mobile phones worth over $4.2 billion from April to September.
The success in India’s mobile phone manufacturing goes to the Make in India approach introduced by the country’s PM Narendra Modi. In 2014, Modi introduced the initiative promising huge investments in the production of goods and encouraged foreign companies to make their products in India.
Apple has grown its iPhone production in India. The world’s many leading companies have also started their direct business in India. Jio, the country’s revolutionary mobile network operator has made envious strides in the industry too. The conglomerate transformed the mobile business with its 4G business. Next, the company is launching Jio 5G phone to replicate the same success.
India’s mobile phone market seems only likely to witness further growth in the coming years.
Samsung has announced to build LED TVs in Nepal as has many motorbike giants after the tax rebate on manufacturing equipment. So, we can assume a trend is developing for Nepal too but it has not translated to mobile phone production to date.
Do you think Nepali stakeholders should expedite their efforts to help make our phones in the country? You can leave your input in the comments below.