A new analysis found that under the country’s “Make in India” policy, mobile phone shipments surpassed 2 billion units between 2014 and 2022, expanding 23% annually. Massive domestic demand, increased internet literacy, and government efforts are driving this development. Counterpoint Research says India makes the second-most mobile phones.
According to Research Director Tarun Pathak, over 98% of exports in the whole market were “Made in India” in 2022, up from 19% in 2014.
He claims that local value addition in India has risen from the low single digits eight years ago to above 15% now.
Many companies are opening factories to make mobile phones and their parts, which has expanded investments, jobs, and the ecosystem.
The government hopes to use its many programs to make India a “semiconductor manufacturing and export hub.”
Pathak added, “we may see increasing production, especially for smartphones, as India gears up to close the digital divide between urban and rural areas and also become a mobile phone exporting powerhouse.”
As part of the “Make in India” plan, the government gradually raised import levies on vital components and fully assembled units and implemented the Phased Manufacturing Program.
The government introduced the manufacture Linked Incentive (PLI) programme for 14 industries, including mobile phone manufacture.
India’s exports increased due to everything. The government wants to make India a semiconductor superpower. Senior analyst Prachir Singh said it originally proposed a semiconductor PLI program but is now focusing on infrastructure with a $1.4 trillion expenditure.
The India Cellular and Electronics Association (ICEA) expects India to export mobile devices worth over Rs 1,20,000 crore in FY24, headed by Apple, owing to supporting government policies and the PLI program.
Conclusion:-
Between 2014 and 2022, under the country’s “Make in India” program, mobile phone shipments surpassed 2 billion units, rising 23% CAGR. In 2022, India exported 98% “Make in India” mobile phones, making it the second-largest manufacturer. Local value addition in India has expanded from single digits eight years ago to over 15% now. India wants to become a “semiconductor manufacturing and export hub” by raising import duties on crucial components and full units and implementing the Phased manufacture Program. The government introduced the manufacture Linked Incentive (PLI) programme for 14 industries, including mobile phone manufacture. With $1.4 trillion in investment, India aims to become a semiconductor powerhouse. Apple, supported by government regulations and the PLI program, is likely to export mobile gadgets valued over Rs 1,20,000 crore in FY24.
