This time, the good news is for India. Currently, India is the largest mobile phone manufacturer in the world, second only to China. Based on the reports published by the Indian Cellular Association (ICA), the annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017.

So, India has occupied the second position, beating down Vietnam into the third place. Since so many mobile phones are being manufactured locally, imports of phones have reduced to less than half in 2017-18.

ICA, along with Telcom Minister, Manoj Sinha and, IT Minister, Ravi Shankar Prasad took reference from the market data that was available via the market research firm IHS Markit Ltd, China’s National Bureau of Statistics and Vietnam General Statistics Office.

As per that data, India now accounts for 11 percent of global mobile production, which is much higher than the 3 percent back in 2014.

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To this, Pankaj Monhindroo, ICA National President, stated that “We are happy to inform you that with the strenuous and calibrated efforts of the Government of India, ICA, and FTTF, India has now emerged as the second largest producer of mobile handsets by volume.”

The Fast Track Task Force (FTTF), i.e. the body that falls under the Ministry of Electronics and IT, has set its sights on the target of 500 million mobile phones produced locally by 2019, where the total valuation estimated would be around $ 46 billion. Of these, the FTTF plans on exporting at least 120 million units valued at around $ 1.5 million.

With this, in lieu of increased manufacturing, the FTTF also has a set a target of creating component manufacturing of $ 8 billion and employment worth $ 1.5 million, both direct and indirect, by 2019.

To this, Mohindroo also added that “As long as we bring the right focus on exports, we will be able to achieve these numbers.”