00:00 Thanks to the government's production link incentive scheme and a Made in India push,
00:07 India is now the second largest mobile manufacturer in the world, behind only China.
00:13 Government data shows India saw a 126% jump in production from financial year 2021 to
00:20 2022.
00:21 According to market research firm Counterpoint Research's Made in India service report,
00:26 the growth spurt has been by huge internal demand, increasing digital literacy and the
00:31 government's push.
00:33 More than 2 billion phones were manufactured in India under the Make in India initiative
00:37 during 2014-22.
00:40 This means India saw a 23% compound annual growth rate for mobile phones.
00:45 According to the Counterpoint report, in 2022, more than 98% of shipments in the overall
00:50 Indian market were made in India compared to just 19% in 2014.
00:55 In an attempt to boost local manufacturing, the government has introduced initiatives
00:59 like the phased manufacturing programme, Make in India, a production linked incentive and
01:03 the Atmanirbhar Bharat schemes.
01:05 Since 2014, many companies have set up manufacturing units in India.
01:11 These are not just make complete mobile phones but also manufacture components.
01:15 This has led to a significant growth in investments, jobs and overall ecosystem development.
01:20 Going forward, production of smartphones is expected to grow as India bridges the urban
01:24 rural digital divide.
01:26 In time, India is also expected to become a major exporter of mobile phones.
01:31 Mobile phone exports in 2015-16 were near zero, but exports surpassed the $5 billion
01:37 mark within seven months of financial year 2023 and are expected to be worth $9 billion
01:43 in the same financial year.
01:45 Leading economies like the UK, Netherlands, Austria, Italy, South Africa and other countries
01:49 are also using Made in India mobiles.
01:52 In the early 1900s and 2000s, China dominated the Asian manufacturing landscape, followed
01:57 by Korea.
01:58 To join the race, India had to take significant steps like policy interventions and a mindset
02:03 shift to develop a robust economy.
02:06 From distributing, India moved towards creation.
02:09 From assembling mobiles to manufacturing the iPhone 14, India has come a long way.
02:14 There was a time when 80% of mobile phones were imported from China.
02:17 Today, 99.9% of phones are actually manufactured in India.
02:22 Since 2021, over 200 manufacturing units have been set up in India.
02:27 Samsung opened the world's largest phone manufacturing unit in India, and leading global giants like
02:32 Apple have shifted major units to the country.
02:35 Companies like Oppo, Vivo, Xiaomi and Lava have also established bases in the country.
02:41 The government projects the annual mobile manufacturing to be $126 billion by 2025-26.
02:47 India's strong internal demand and the government's long-term plans are attracting FDI and interest
02:52 from other countries and are expected to boost India's digital revolution.
03:05 [MUSIC PLAYING]
Comments