Established international players along with new domestic & overseas mobile phone manufacturers have set up shop in various parts of the country. And they’re here to stay.
MOBILE PRODUCTION in India has already crossed the 100-million-units mark, and is set to touch 500 million in the next two years. Thanks to the ‘Make in India’ initiative propelled by Prime Minister Narendra Modi, we produced 11 crore mobile phones worth Rs 54,000 crore in FY15-16, up 186 percent from 6 crore in the previous year. Five crore feature phones worth Rs 49,000 crore and 6 crore smartphones worth Rs 5,000 crore were manufactured during the year compared to 1.7 crore feature phones (worth Rs 1,400 crore) and 4.3 crore smart phones (worth Rs 17,500) in FY14-15.
According to minister for electronics and information technology Ravi Shankar Prasad, India has attracted investment from 37 mobile manufacturing companies in the last one year. Many foreign as well as domestic players are building new capacities in India.
For instance, Chinese companies such as Gionee and Xiaomi are making their handsets at Foxconn plant in Andhra Pradesh, while Apple India is all set to start its Bengaluru manufacturing unit Peenya, but a official word on the launch is still pending. According to sources, Apple is in talks with the Indian government to provide it with some tax relief for manufacturing in the country. But apparently, the government hasn’t yet agreed to give any concession in terms of duties and tax benefits to the international brand.
Denne historien er fra March 08, 2017-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 08, 2017-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
