32.5 C
Monday, May 29, 2023

Popular Articles

India is the 2nd largest mobile handset manufacturer in the world

India has overtaken China as the world’s second-largest manufacturer of mobile phones. A few variations have already been produced by Samsung, Realme, Oppo, and Xiaomi, among others, with many more on the way. Over 200 units now produce cellular phones, up from only 2 units in 2014.

- Advertisement -

The Ministry of Electronics and Information Technology has released the 2nd Volume of the Vision Document on Electronics Manufacturing. This report provides a year-wise break-up and production projections for the various products that will lead to India’s transformation into a USD300 billion electronics manufacturing powerhouse, from the current USD75 billion. The key products that are expected to drive India’s growth in electronics manufacturing include mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), and industrial electronics.

India’s Ministry of Electronics and IT has announced a five-part strategy to reach the USD 300 billion goals for electronics manufacturing by 2026. This will be done by building competitiveness and scale by attracting global electronics manufacturers and brands, shifting and developing sub-assemblies and component ecosystems, nurturing Indian champions, and steadily removing the cost disabilities faced by India. The domestic market is expected to increase from USD65 billion to USD180 billion over the next 5 years.

- Advertisement -


Please enter your comment!
Please enter your name here


Recent Articles

Roopesh Shetty’s Tulu Movie ‘Circus’ Mesmerizes UAE Audience with Grand Premiere

Roopesh Shetty's highly anticipated Tulu movie 'Circus' made a grand premiere in Dubai and Sharjah, captivating a houseful audience across various theaters. The movie,...

MP Nalin Kumar Kateel Urges NHAI Officials to Fast-track Nanthoor-KPT flyover

In a recent meeting held at his office located in the DC complex of the city, Member of Parliament (MP) Nalin Kumar Kateel emphasized...