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Mobile manufacturing to become a $230 billion opportunity, says ICEA

November 02, 2018
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According to a report by the India Cellular and Electronics Association (ICEA), mobile handset manufacturing in India can potentially become a $230 billion export-oriented industry by 2025, creating 4,700,000 jobs. However, this potential is contingent on the fact that the government provides the necessary policy boost in terms of tax incentives and ease of doing business.

The report further highlighted that mobile manufacturing industry in India has been growing rapidly, owing to the strong domestic demand. Around 120 manufacturing plants have been set up in the country since 2014 and around 225 mobile phones were manufactured in India in 2017 against 58 million in 2014. As per ICEA, the total value of mobile phones manufactured in India in 2017 was $20 billion and only $100 million worth of these devices were exported.

ICEA predicts that the domestic demand for mobile phones will go down in the future and so it suggests a shift in approach from ‘Making in India for India’ to ‘Making in India for the world’ to fuel further growth. To this end, ICEA has suggested that the government should impose more duties on imported mobile phones and components to boost local manufacturing.

As per ICEA’s estimates, if the government fails to attract global manufacturers and the industry is restricted to manufacturing only for the domestic market, it would lead to a lost opportunity cost of $150 billion by 2025.

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