Mobile phone production in India to touch Rs 4.8 lakh crore in 2022

India’s mobile handset manufacturing for 2020-21 will equal the previous year’s production level, industry body India Cellular and Electronics Association (ICEA) said.
Apple iphone 12 5G smartphone in SingaporeMobile phone production in India touched Rs 2.14 lakh crore in 2019-20 as compared with Rs 1.8 lakh crore production in 2018-19, ICEA said. The manufacturing of mobile phone in India is projected to hit Rs 4.85 lakh crore in 2022.

“Our domestic market vis-a-vis domestic manufacturing is saturated and we have set our sights on a target of Rs 7.7 lakh crore of exports by 2025. The burgeoning domestic market is expected to touch Rs 5.6 lakh crore by 2025,” ICEA Chairman Pankaj Mohindroo said in a statement.

“We are looking at a quantum jump in current domestic manufacturing from Rs 2.2 lakh crore in 2020 to Rs 13.02 lakh crore by 2025.”

Covid-19 restrictions hit the manufacturing industry in the country, including the mobile handset production, especially during the lockdown period.

Export of electronic goods has nearly doubled in last three years from $6 billion in 2017-18 to $11.21 billion in 2019-20. Mobile phone contribution in this has increased from 3.5 percent in 2017-18 to 34 percent in 2019-20.