MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

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.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED