The industry registered a turnover of Rs 75,000 crore in 2014.
Though smart phones account for about 25 percent in numbers, however contribute three times as much in turnover.
About 24.8 percent of the smartphones shipped in the country during the June quarter were made locally compared with 19.9 percent in preceding quarter, according to a report by CyberMedia Research. “A total of 56.6 million handsets were shipped during the June quarter, of which smartphones comprised 43 percent (24.8 million units) of the volume,” the report said.
The government has received Rs 90,000-crore investment proposals in the last two months for electronics manufacturing in India. Both local and foreign companies are showing interest in making mobile phones in India, according to report.
“The proposals worth Rs 90,000 crore have been received in the last two months. India has already become the fastest-growing smartphone market,” said Ajay Kumar, Additional Secretary, Ministry of Communications and IT.
China’s Lenovo has started making smartphones in India through contract manufacturer Flextronics at Sriperumbudur near Chennai.
The Flextronics’ unit has started rolling out two of Moto E smartphone’s 4G variants and will soon start making another 4G device Lenovo K3 note,” the company said in an official release. Lenovo had acquired Motorola last year.
Amar Babu, Chairman and COO, Asia Pacific, Lenovo India said, “The phones produced in the plant is focused on serving the Indian market.” “The Indian government’s ‘Make in India’ programme offers a plethora of opportunities for organisations looking to conduct business in India.”
In line with Prime Minister Narendra Modi’s Make In India’ initiative, low-cost mobile device maker DataWind will reportedly open two more manufacturing units in the country within next six months.
Suneet Singh Tuli, President and CEO, DataWind said, “Two more manufacturing units will be added within six months as the company has stopped importing finished products from China. To meet local requirements, we need to expand here.”
The company already has an assembly unit in Amritsar and a manufacturing facility for touch panels.