‘Make In India’ Push For Mobile Manufacturing Saved India Rs 3 Lakh Crore: Industry Report
Aug. 22, 2018Driven by the government’s‘Make in India’initiative, the mobile handset manufacturing eco-system in India has helped the country save a whopping Rs 3 lakh crore by replacing imports of completely-built units (CBU) with locally manufactured and assembled handsets during the past four years, said a new report today.
In the past four years, India’s mobile handset and components manufacturing industry has enabled the establishment of over 120 new manufacturing units, generating employment for over 4.5 lakh people, the report added.World’s Largest Smartphone Manufacturing Plant Was Setup In India by Samsung
“The mobile handsets and component manufacturing ecosystem has emerged as the champion category under the ‘Make in India’ initiative of the government,” said Pankaj Mohindroo, ICEA Chairman and National President.
