As per a report given by Department of Electonics and IT (DeitY) mobile headsets imports are likely to drop by approximately 30% in terms of value this fiscal year with increase in the domestic production.
The value if import that was Rs 56,000 crore in the year 2015-16 is now expected to fall down to 40,000 Crore.
With the growth of mobile manufacturing at domestic level the volume of imports are coming down thus a fall in imports to 40,000 crore from 56,000 crore.
Ajay Kumar the additional secretary at DeitY mentioned that the decline in imports is contributed by some 40 mobile companies that are kicking off their production programmes for devices in facilities based locally in the country.
The Narendra Modi government is pushing companies to manufacture more in the India itself. Lately, both multinationals as well as homegrown mobile firms have set up manufacturing units in the country. These include, Xiaomi, Samsung, Lava, Micromax, Karbonn, Gionee Jivi, iTel, , Intex and MTech, among others.
As per the data collected by the department about 60 million units of mobile phones were manufactured in India in the year 2014-15,which was valued about 18,900 crore. Whereas, this number increased to 110 million units in 2015-16.
The department’s head also mentioned that they expect increase in component level manufacturing as well.Components like batteries, speakers of mobile handsets, adapters, and wired headsets are expected to contribute close to 8000 crore by 2018.
Checkout latest news at itvoir.com
Madhurima Goyal, ITvoir News Desk