Indian smartphone manufacturing hits Rs. 3,50,000 Cr

In a recent update shared by Ashwini Vaishnaw, the Minister for Railways, Communications, Electronics, and Information Technology, the Indian mobile industry has undergone a significant transformation over the past nine years. The minister took to X to announce the outcomes of a meeting with key stakeholders in the mobile sector.

According to Vaishnaw, the mobile industry in India has experienced a staggering 20-fold growth in the last nine years. In 2014, the country was 78% dependent on mobile imports, but in 2023, an impressive 99.2% of all mobiles sold in India are now ‘Made In India.’

The minister shared a mobile phone production graph indicating that India’s smartphone production value has soared from Rs. 18,900 Cr to a remarkable Rs. 3,50,000 Cr for the year 2022-2023. This growth can be attributed to the growth of the local smartphone manufacturing ecosystem.

A crucial driver behind this surge is the Government of India’s Production Linked Incentive (PLI) scheme for mobile handsets, acting as a catalyst for local manufacturing.

Additionally, the production of newer iPhones in India has played a pivotal role, with Apple suppliers expressing their commitment to the country. The recent entry of Tata Groups is expected to further bolster operations.

India is now positioning itself as a robust assembly hub, and there are optimistic aspirations for it to evolve into a prominent manufacturing hub in the future, opening up new avenues of opportunity for the nation.


Author: Siva Bharani

* Known as Nokia Bro * Has more love towards tech and fitness💪 * More attached to Smartphone 📷 * Currently using Pixel 3 & 4a✨ & iPhone SE 2📱 * Activity trackers he use - Apple watch Series 3 LTE & Amazfit T-Rex