world’s second largest phone producer
The era of smartphone manufacturing in India started long back. The country has come a long way in smartphone manufacturing.
world’s second largest phone producer:
India is on the path of progress in the field of technology. The country is playing a leading role in phone manufacturing. India has now become the second largest phone producing country in the world. To promote local manufacturing in the country, the Central Government has started several schemes.
Smartphones from Samsung to Nothing are Made in India.
It is known that the era of smartphone manufacturing in India started long back. The country has come a long way in smartphone manufacturing. Smartphones of popular smartphone companies Samsung, Apple, Xiaomi, Oppo, Nothing are being made in India.
In this episode, a new report of Counterpoint Research has come out. According to this report, now this figure of phone manufacturing in India has crossed the figure of 2 billion i.e. 200 crores. Shipments have registered a CAGR of 23% as per the report.
In this report of Counterpoint Research, the government’s schemes like Make in India, Production Linked Incentive and Self-reliant India have been mentioned.
Local demand is being met in a better way
According to Tarun Pathak, director of Counterpoint Research, local manufacturing in the country has been increasing year by year. Due to local manufacturing in the country, the local demand could be met in a better way.
In the year 2022, the shipment of Made in India devices in the Indian markets has been more than 98 percent. In the year 2014, this figure used to be only 19 percent.
Due to Make in India, the field of technology got a new path
Talking about the Make in India initiative in the country, the government has established the manufacturing program in a phased manner in this initiative. The government encouraged local manufacturing by increasing the import duty on units manufactured outside the country.