India Is World’s 2nd Largest Mobile Manufacturer: 450% Increase In Production Since 2014!
During a speech on live television last month, PM Modi had appealed to every Indian about a very critical mission: Going local.
He asked every Indian to become self-reliant and to push manufacturing, supply chain, technology and other business operations inside India, by India, for India.
It seems we are well on our way in this direction, especially in mobile phone manufacturing.
India Becomes World’s 2nd Biggest Mobile Manufacturer
Ravi Shankar Prasad who is the Law & Justice, Communications, Electronics & Information Technology Minister of India has declared that India has become world’s 2nd biggest manufacturer of mobile phones.
On Twitter, he announced: “Under the leadership of PM @narendramodi , India has emerged as the 2nd largest mobile phone manufacturer in the world. In the last 5 years, more than 200 Mobile Phone Manufacturing units have been set up. #ThinkElectronicsThinkIndia,”
Here is the tweet:
Under the leadership of PM @narendramodi, India has emerged as the 2nd largest mobile phone manufacturer in the world. In the last 5 years, more than 200 Mobile Phone Manufacturing units have been set up. #ThinkElectronicsThinkIndia pic.twitter.com/fGGeCRpj87— Ravi Shankar Prasad (@rsprasad) June 1, 2020
450% Increase In Mobile Manufacturing!
Compared to 2014, India triggered a massive 450% increase in mobile manufacturing.
While only 60 million or 60 lakh mobiles were manufactured in India, there are 33 crore or 330 million mobiles being manufactured in India in 2019.
While $3 billion worth of mobiles were manufactured in India in 2014, the value zoomed to $30 billion, an increase of 10-times, by 2019.
The number of mobile manufacturing units too increased from 2 to 200+ between 2014 and 2019.
The Minister further said, Now is the opportunity for companies to consider #India as a destination in ESDM sector and be part of the next largest #ElectronicManufacturing Hub of the world. #ThinkElectronicsThinkIndia.”
A slew of new announcements and schemes are expected to be announced by Indian Govt to encourage and push local manufacturing.
Apple, Xiaomi, Samsung, Oppo, Vivo and other major mobile manufacturers have already started local manufacturing of smartphones.
Xiaomi India head Manu Kumar Jain tweeted:
Super proud: #India has become the 2nd largest manufacturing hub in the world for phones! ??— Manu Kumar Jain (@manukumarjain) June 1, 2020
Our 1st manufacturing plant started 5 years ago. Today:
? 99% phones #MadeInIndia
? 65% parts locally sourced
??? 35,000 workforce
??? 95% are women#Xiaomi ?? #MakeInIndia #ProudIndian https://t.co/r1F0DiFwBJ
We will keep you updated, as more details come in.