New Delhi. India is fast becoming an emerging player in the field of mobile phone manufacturing. Till a few years ago, a large part of mobile phones were imported, now the situation is completely changing. Big companies like Apple, Samsung, and Google have started manufacturing their premium phone models in India. Chinese companies are also taking interest in manufacturing their phones in India. This report will deal a big blow to the Chinese government and its business model.
India is becoming a hub of mobile phone manufacturing
However, it is clear that India is now becoming the hub of mobile phone manufacturing. According to the report, domestic production of mobile phones in the country is increasing rapidly and the need for imports has reduced significantly. This change is not only important for Indian technology and economy, but its big impact is also visible in the global market.
Manufacturing of phones of these brands is happening in India
Now not only domestic brands but also international companies are making their products in India.
Apple has recently started manufacturing of its premium models iPhone Pro and Pro Max in India.
Google has also started manufacturing its new Pixel 8 model in India.
Samsung is already manufacturing its flagship models like S24, Flip and Fold devices in India.
Apart from this, Chinese smartphone brands like Oppo, Vivo, Xiaomi and Realme are also manufacturing their phones in India.
Indian brands Lava and Micromax are also moving fast in this race.
99% of phones sold in India are made here
According to reports, almost 99% of mobile phones sold in India are now being manufactured here. The 1% phones that are being imported are also planned to be made in the country soon. This revolution in smartphone manufacturing is not only making India self-reliant, but is also establishing the country as a global manufacturing hub.
Import can be up to 0.25%
It is estimated in the report that by the financial year 2024-25, the demand for smartphone imports will decrease, which may remain only 0.25%. During the current financial year 2023-24, only 3% of the phones imported were sold in India. Most of them were iPhone Pro and Google Pixel models, which are now being manufactured in the country.
How is India becoming a challenge for China?
China has long been the global center of mobile phone manufacturing, but India’s growing manufacturing capacity is directly challenging it. Many companies have closed their manufacturing units in China and started production in India. India’s political stability, cheap labor costs and schemes like Production-Linked Incentives (PLI) have made India an attractive manufacturing hub for global companies.
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Last Updated Oct 11, 2024, 7:29 PM IST