Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

By Leaps and Bounds: India’s mobile manufacturing Industry Continues to Grow

By Leaps and Bounds: India’s mobile manufacturing Industry Continues to Grow

The mobile manufacturing industry in India has progressed rapidly in the last five years, mainly because of the “Make in India” scheme launched by the government of India in 2014.

According to ET reports, India had only two mobile manufacturing in 2014 and as of 2019, there are 268 of them under its belt. Currently, 95 percent of the handsets sold in the country are produced locally. Reportedly, India ranks second after China in the field of mobile manufacturing.

Mobile Industry body ICEA conducted a survey and found that 6.7 lakh people are working in the 268 manufacturing units.

The surge in the development of the manufacturing units is mainly because of the schemes introduced by the government of India. The schemes include the Modified Special Incentive Package Scheme (M-SIPS). M-SIPS was introduced in 2012 with a mission to help the electronics industry located in non-SEZ (Special Economic Zones) areas by providing it with a capital subsidy of 25 percent and 20 percent to the SEZ zones.

Another scheme known as the Electronics Manufacturing Clusters (EMC) was also introduced in 2012. It encourages entities including the state governments, to deliver good quality infrastructure within a structure. The scheme funds the Brownfield Electronics Manufacturing Clusters and Greenfield Electronics Clusters to carryout projects.

ASSOCHAM-PwC reports predict a rapid growth in the number of smartphone users in India. Currently, there are more than 450 million smartphones users in the country and is likely to reach 850 million within three years.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...