https://sputniknews.in/20230815/india-is-now-worlds-second-largest-mobile-phone-maker--3615432.html
India is Now World's Second Largest Mobile Phone Maker
India is Now World's Second Largest Mobile Phone Maker
Sputnik India
India has emerged as the second-largest producer of cell phones after China, according to Counterpoint Research, a global technology market research organization closely monitoring the production of electronic products.
2023-08-15T18:19+0530
2023-08-15T18:19+0530
2023-08-15T20:22+0530
business & economy
india
delhi
new delhi
digital transformation
digitalization
government of india
narendra modi
china
tech hub
https://cdn1.img.sputniknews.in/img/07e6/0c/0d/46454_0:161:3071:1888_1920x0_80_0_0_63118aba2460a37a4bec0147a0785e5b.jpg
India has emerged as the second-largest producer of cell phones after China, according to Counterpoint Research, a global technology market research organization closely monitoring the production of electronic products.As per the data shared by the research firm, overall shipments of handsets manufactured in the South Asian nation between 2014 and 2022 broke the two billion mark.Additionally, it mentioned that India is set to produce 270 mobile phones in 2023, up by 20 million in comparison with the previous year when domestic production touched 250 million handsets.What Makes India a Mobile Manufacturing Hub?The significant rise in the production of mobile handsets in India can be due to multiple factors, such as:Here we are talking about India's Production Linked Incentive (PLI) scheme, under which authorities provide 4 to 6 percent financial incentives to companies based on annual sales.
https://sputniknews.in/20230731/foxconn-signs-194-mln-manufacturing-component-deal-with-tamil-nadu-3299474.html
india
delhi
new delhi
china
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2023
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
india second largest mobile phone producer, india second largest mobile phone manufacturer, india second largest producer of mobile handsets, india second largest cell phone producer, india second largest cell phone manufacturer, where india stands in mobile phone manufacturing, where india stands in cell phone manufacturing, india's rank in mobile manufacturing, where india ranks in mobile phone production,
india second largest mobile phone producer, india second largest mobile phone manufacturer, india second largest producer of mobile handsets, india second largest cell phone producer, india second largest cell phone manufacturer, where india stands in mobile phone manufacturing, where india stands in cell phone manufacturing, india's rank in mobile manufacturing, where india ranks in mobile phone production,
India is Now World's Second Largest Mobile Phone Maker
18:19 15.08.2023 (Updated: 20:22 15.08.2023) The Indian government has offered incentives to producers of electronic items, including mobile phones to make India a manufacturing hub of such products.
India has emerged as the second-largest producer of cell phones after China, according to Counterpoint Research, a global technology market research organization closely monitoring the production of electronic products.
As per the data shared by the research firm,
overall shipments of handsets manufactured in the South Asian nation between 2014 and 2022 broke the two billion mark.
Additionally, it mentioned that India is set to produce 270 mobile phones in 2023, up by 20 million in comparison with the previous year when domestic production touched 250 million handsets.
What Makes India a Mobile Manufacturing Hub?
The significant rise in the production of mobile handsets in India can be due to multiple factors, such as:
an uptick in digital education,
government incentives to manufacturers, and
growing demand for phones in the country.
However, government support for producers of such equipment is perhaps the prime reason behind this growth in numbers.
Here we are talking about India's Production Linked Incentive (PLI) scheme, under which authorities provide 4 to 6 percent financial incentives to companies based on annual sales.
