'Made in India': As mobile phone sector logs meteoric growth, Ashwini Vaishnav reveals numbers
Minister of Electronics and Information Technology, Ashwini Vaishnav, took to social media platform X to announce achievement in the mobile phone industry.
In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years.
Minister Vaishnav posted on X, "Met Mobile industry to review progress. Industry has grown 20 times in 9 years. 2014: 78 per cent import dependent 2023: 99.2 percent of all mobiles sold in India are 'Made in India'".
Reflecting on the industry's trajectory, Minister Vaishnav highlighted a significant shift in import dependency. In 2014, a staggering 78 per cent of the mobile market relied on imports.
Fast forward to 2023, and a transformation has occurred - an impressive 99.2 per cent of all mobiles sold in India are now proudly stamped as ‘Made in India.'
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The minister met with key stakeholders and leaders in the mobile industry to conduct a comprehensive review of the progress made.
The meeting served as a platform to acknowledge the industry's achievements, discuss emerging challenges, and explore strategies for sustained growth.
The growth of the mobile sector has not only bolstered the domestic manufacturing ecosystem but has also contributed significantly to reducing India's dependence on foreign imports. Notably, earlier Google had announced that it would start manufacturing its phones in India. Google follows an illustrious list of global smartphone brands, from Samsung to Apple, to kick-start assembling its marquee phones in the country.
Minister Vaishnav expressed his satisfaction with the industry's resilience and commitment to the 'Make in India' initiative.
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