New Delhi, February 7 (IANS) Mobile phone manufacturing has increased from an estimated Rs 18,900 crore in 2014-15 to an estimated Rs 3,500,000 crore in 2022-23, an impressive production increase of over 1,700 per cent, the government said on Wednesday.
Rajiv Chandrasekhar, Minister of State for Electronics and IT, said in response to a question in the Lok Sabha that India used to be of little importance in the global electronics supply chain but is now rapidly moving into the global electronics value chain ( He said that the company is becoming an important and trusted player in GVC. .
“In order to transform our country’s domestic manufacturing from import substitution to export-driven manufacturing, the government has reduced the Basic Customs Duty (BCD) to 10% (from 15%) on machinery and equipment, die-cut parts, and other categories of eligible goods. “It will be used in the manufacture of mobile phones,” he told the minister.
India has become the world’s second largest mobile phone manufacturer (by volume).
“Exports of mobile phones also increased from an estimated Rs 1,566 crore in 2014-15 to an estimated Rs 90,000 crore in 2022-23, an impressive export increase of over 5,600 per cent,” Chandrasekhar added. .
The government has an ambitious goal of increasing domestic electronics manufacturing to $300 billion by 2026.
The strategy to reach $300 billion electronics production from the current level of approximately $75 billion electronics production is built on expanding and deepening electronics manufacturing in India.
“This will compete by attracting global electronics manufacturers/brands, migrating and developing the sub-assembly and component ecosystem, building a design ecosystem, nurturing Indian champions and steadily removing cost hurdles faced by the industry. This is proposed to be achieved by building strength and scale,” the Minister stressed.
Following the success of the PLI scheme for mobile phones, the government hopes that PLI for IT hardware and servers will lead to greater investment in the domestic component ecosystem and develop the supply chain.
“The government will encourage and promote domestic development capabilities for core components, including chipsets, so that the industry can compete globally,” the minister said.