Indian mobile manufacturing industry is expected to touch Rs.1,32,000 crore by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said at an ASSOCHAM event held in New Delhi.
India manufactured about 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15 showing a growth of over 90%. 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. The same reached Rs. 94,000 crore by end of 2017, said Ravi Shankar Prasad.
In terms of volume, in 2014 India produced 5 core mobile phones made locally in India. 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 within three years, the industry added 120 such units. Two-thirds of these are mobile manufacturing units and there 54 such units in Noida alone. On top of that these industries employ 5 lakh people.
Prasad further said that India has the world’s third largest start-up community after US and England. He said that his ministry is working in mission mode to make India’s digital sector a $1 trillion economy in the next five years and may create 50 lakh to 70 lakh new jobs.
Union Electronic and IT Minister said the BPO industry should move to small towns where overhead costs are less compared to big cities. About 48,000 seats have been planned with distribution across states and UTs based on population percentage.
He said, about 86 new BPOs are operating in 27 states excluding digitally rich areas. BPO centres have already come up in Patna and Muzaffarpur. Such centres would soon be opened in Ghazipur, Jahanabad and Gaya etc. ‘The government will give a grant of Rs. 5 crore to start-ups doing innovation in the field of cyber security and healthcare”, added Prasad. 250 hospitals across the country have now been turned into e-hospitals and more than 2 crore of patients benefit. eNAM has linked more than 500 market mandis with 70 lakhs of farmers negotiating their price, Prasad said.