According to Ashwini Vaishnaw, Union Minister of Communications, Electronics and Information Technology and Railways, 99.2 per cent of all mobiles sold in India are now stamped as ‘Made in India’. The Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in nine years.
The minister underlined a major shift in import dependency while reflecting on the industry’s development as 78 per cent of the mobile market relied on imports in 2014. The expansion of the mobile sector has not only reinforced the domestic manufacturing ecosystem, but it has also drastically reduced India’s reliance on imports. He noted that this remarkable achievement aligns with the government’s vision to enhance self-reliance and boost the manufacturing sector under the ‘Atmanirbhar Bharat’ initiative.
According to Vaishnaw, the mobile industry’s success story underscores India’s capability to transition from being predominantly import-dependent to emerging as a key player in mobile manufacturing the global state.
Furthermore, the meeting with industry leaders provided an opportunity for constructive dialogue on future prospects, technological advancements, and collaborative efforts to sustain and further amplify this success.
