Mobile manufacturing to grow by 40% in 2018

Mobile manufacturing in India is forecasted to reach Rs. 132,000 crore by 2018, showing a growth of 40 per cent vis-a-vis 2017.

Speaking at an Assocham event, Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said, “Indian mobile manufacturing industry is expected to touch Rs. 132,000 crore by the end of 2018.”

“India manufactured about 110 million mobile phones in FY2015-16 as compared to 60 million in FY2014-15 showing a growth of over 90%. In value terms India’s mobile manufacturing industry produced mobile phones worth Rs. 54,000 crore in FY2015-16 compared to Rs. 18,900 crore in FY2014-15. The same reached Rs. 94,000 crore by the end of 2017-18,”, said Ravi Shankar Prasad.

In terms of volume, in FY2014-15 India produced 5 core mobile phone made locally in India which reached 15 crore in FY2015-16. In FY2017-18, the Indian mobile manufacturing industry produced 22 million mobile phones. The industry would produce 50 million mobile phones by 2020,” added Prasad.

In terms of electronics manufacturing units, the minister said within three years the industry has added 120 manufacturing units. Two-third of these are mobile manufacturing units and there 54 such units in Noida alone. On top of that these industries employ 5 lakh people,” said Prasad.

Mr Prasad further said that his ministry is working in mission mode to make India’s digital sector $1 trillion economy in next five years and has potential to create 50 lakh to 70 lakh new jobs.

“We would like India to become a center of small product cyber security and we must look at how IT can help India become a big center of data analysis,” added Prasad.