IANS | 07 Feb, 2024
The mobile phone manufacturing has increased from an estimated Rs
18,900 crore in 2014-15 to an estimated Rs 3,50,000 crore in 2022-23,
making an impressive increase in production by more than 1,700 per cent,
the government said on Wednesday.
Replying to a question in Lok
Sabha, Minister of State for Electronics and IT, Rajeev Chandrasekhar,
said that from almost insignificant in the global electronics supply
chain, India is currently rapidly becoming a significant and trusted
player in the electronics global value chain (GVC).
“To transform
our domestic manufacturing from import substitution to export-led
manufacturing, the government has reduced the basic customs duty (BCD)
to 10 per cent (from 15 per cent) on the goods covered under mechanics,
die-cut parts and others category for use in the manufacturing of mobile
phones,” informed the minister.
India has become the second largest manufacturer of mobile phones in the world (in volume terms).
“The
export of mobile phones has also increased from an estimated Rs 1,566
crore in 2014-15 to an estimated Rs 90,000 crore in 2022-23, making an
impressive increase in exports by more than 5,600 per cent,”
Chandrasekhar added.
Government has an ambitious target of domestic electronic manufacturing of $300 billion by 2026.
The
strategy to reach the $300 billion production of electronics from the
current level of about $75 billion is built on broadening and deepening
electronics manufacturing in India.
“This is proposed to be
achieved by building competitiveness and scale by attracting global
electronics manufacturers/brands, shifting, and developing
sub-assemblies and component ecosystems, building a design ecosystem,
nurturing Indian champions, and steadily removing cost disabilities
faced by the industry,” the minister emphasised.
After the success
of the PLI scheme for mobile phones, the government is expecting that
PLI for IT hardware and server will lead to expanding the investments in
the component ecosystem in the country to develop the supply chain.
“Government
envisions to position India as a global hub for export-driven
manufacturing hub and electronics system design and manufacturing (ESDM)
by encouraging and driving capabilities in the country for developing
core components, including chipsets, and creating an enabling
environment for the industry to compete globally,” the minister said.
