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Showing posts with the label Mobile Industry

Target 2019: Make 500mn mobile phones in India

According to a report by the Economic Times, alongside the target of the stipulated number of devices, the Make in India-driven industry will aim to create 1.5 million jobs and a component industry valued at Rs. 50,000 crores. Come 2016, and India seems all set to pick up Make in India ventures even more seriously. In light of this, a projection report by the Economic Times has projected India to “manufacture” 500 million mobile phones by 2019. This will also translate to about 1.5 million jobs, and a component industry that will stand at a valuation of Rs. 50,000 crores. 2015 already saw a number of Chinese manufacturers showing interest in Narendra Modi Government’s Make in India and Digital India ventures, setting up assembly plants to churn out devices in the country, rather than importing finished goods from China. Of notable companies that have already joined the Make in India bandwagon,  Xiaomi has begun assembly  of its smartphone, the Redmi 2 Prime, out of manufact