Mobile manufacturing to touch Rs 132,000 cr: Prasad

Friday, 27 April 2018, 04:32 Hrs
24
cmt right
30
Comment Right
35
cmt right
7
cmt right
Printer Print Email Email


Indian mobile manufacturing industry is expected to touch Rs 132,000 crore by the end of 2018, Electronics and IT Minister Ravi Shankar Prasad said on Thursday.

India manufactured about 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15, a growth of over 90 per cent. In value terms, India's mobile manufacturing industry produced mobile phones worth Rs 54,000 crore in FY15-16, compared to Rs 18,900 crore in FY14-15. This touched Rs 94,000 crore by the end of 2017, the minister said.

He was speaking at an event organised by MeitY, ASSOCHAM and Ericsson.

In terms of volume, in 2014 India produced 5 crore mobile phone made locally in India, which reached 15 crore in 2015-16. 

In 2017 the Indian mobile manufacturing industry produced 22 million mobile phones. "The industry would produce 50 million mobile phones by 2020," said the minister.

In terms of electronics manufacturing units, the minister said that within three years, the industry added 120 such units. Two-third of these were mobile manufacturing units and there were 54 such units in Noida alone. These industries employ 5 lakh people, he added. 

Read more news:



Google most trusted Internet brand in India: Report



Source: IANS
SPOTLIGHT
Finance
India's tea exports increased by 11.5 per cent to 17.93 million kgs in April this year aga..
Business
Automobile major MG Motors India on Wednesday said that it plans to manufacture electric vehicle E..
Technology
To ensure uninterrupted functioning of the app in areas of low networks, Facebook-owned..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will ..
Travel
Imagine life being a romantic Bollywood song of the 90's. All those exotic frames punched into one..
Career
Les Roches Global Hospitality Education, a multi-national hospitality management institute, a..
Startup City
With cities growing rapidly and infrastructure not keeping pace, the daunting work com..
Entertainment
Actor Dhanush, whose last Hindi release was R. Balkis "Shamitabh", may be working in another H..
Gadgets
Yamaha Music India has launched its first Indian keyboard PSR I500 under the 'Make in India' initi..