<p>India can achieve $100 billion in mobile phones and nearly $40 billion in component exports by 2025 if the country adopted three strategies -restart restore and resurgence, a new report on handset manufacturing, released here on Thursday.<br /><br />In the strategy document titled "Mobile Manufacturing in a post-COVID-19 World" by handset making industry body India Cellular and Electronics Association (ICEA) and consultancy major EY, highlighted<br />Indian industry’s roadmap to become a global supplier of mobile phones in a world where two countries - China and Vietnam - and five global MNCs dominate over 80% of the world’s export market.<br /><br />Nearly 198 countries import mobile phones, and till recently, only two countries -- China and Vietnam -- were among the world exporters.<br /><br /> India joined the ranks as a third with a modest US$3 billion exports in 2019-20. It now aims to target the number two spot.<br /><br />From 2 operating manufacturing units in 2014 the total count of new manufacturing units reached 268 in June 2018 as per a physical verification survey.<br /><br />"The mobile manufacturing and components sector is ready to lead India's post-COVID-19 exit strategy. Production has restarted. We hope to hit 100% production by August," Pankaj Mohindroo, Chairman, ICEA, told reporters in a video conference.<br /><br />To attract more mobile manufacturing companies, the government announced Rs 50000 crore worth scheme recently which includes production linked incentives.<br /><br />"The introduction of the incentive scheme will bring a resurgence in the manufacturing environment and create a competitive global ecosystem for India to capture the global market share of mobile phones, parts and accessories," said Bipin Sapra, Indirect Tax Partner Telecom sector, EY India.<br /><br />The report also suggested areas of improvement, such as the need to shift large-scale global value chains, reduce cost of inputs and the need to increase competitiveness by building a low-cost domestic ecosystem and seeking partnership with States to address India’s disabilities.</p>
<p>India can achieve $100 billion in mobile phones and nearly $40 billion in component exports by 2025 if the country adopted three strategies -restart restore and resurgence, a new report on handset manufacturing, released here on Thursday.<br /><br />In the strategy document titled "Mobile Manufacturing in a post-COVID-19 World" by handset making industry body India Cellular and Electronics Association (ICEA) and consultancy major EY, highlighted<br />Indian industry’s roadmap to become a global supplier of mobile phones in a world where two countries - China and Vietnam - and five global MNCs dominate over 80% of the world’s export market.<br /><br />Nearly 198 countries import mobile phones, and till recently, only two countries -- China and Vietnam -- were among the world exporters.<br /><br /> India joined the ranks as a third with a modest US$3 billion exports in 2019-20. It now aims to target the number two spot.<br /><br />From 2 operating manufacturing units in 2014 the total count of new manufacturing units reached 268 in June 2018 as per a physical verification survey.<br /><br />"The mobile manufacturing and components sector is ready to lead India's post-COVID-19 exit strategy. Production has restarted. We hope to hit 100% production by August," Pankaj Mohindroo, Chairman, ICEA, told reporters in a video conference.<br /><br />To attract more mobile manufacturing companies, the government announced Rs 50000 crore worth scheme recently which includes production linked incentives.<br /><br />"The introduction of the incentive scheme will bring a resurgence in the manufacturing environment and create a competitive global ecosystem for India to capture the global market share of mobile phones, parts and accessories," said Bipin Sapra, Indirect Tax Partner Telecom sector, EY India.<br /><br />The report also suggested areas of improvement, such as the need to shift large-scale global value chains, reduce cost of inputs and the need to increase competitiveness by building a low-cost domestic ecosystem and seeking partnership with States to address India’s disabilities.</p>