PM Modi reiterates his vision to provide the world with a fully Made-in-India phone
By MYBRANDBOOK
At the ongoing India Mobile Congress, Prime Minister Narendra Modi said that India has become a smartphone manufacturing hub, with the world now viewing the country as a “mobile exporter.”
During his inaugural speech, PM Modi said that while in 2014, there were only two mobile manufacturing units, today that number has grown to over 200. The prime minister also recalled that a decade ago, he laid out the vision of a digital-first India, aiming to lower the cost of phones which could only be achieved through domestic manufacturing.
Since the launch of “Make in India” initiative, the Centre has come up with different initiatives which includes the Production Linked Incentive Scheme and a range of tariff incentives. These inititives were introduced to help local and foreign businesses establish a presence in India and diversify away from China amid rising geopolitical risks.
India is emerging as a key hub for smartphone manufacturing, currently producing 14% of the world's iPhones, making it the largest producer outside China. Apple aims to raise this share to 24-25% by 2027-2028. Google has also begun manufacturing its high-end Pixel smartphones in India, and nearly all major smartphone brands now produce their devices in the country.
“We now aim to provide the world with a fully Made-in-India phone, from the chip to the finished product. We are making significant investments to create a semiconductor ecosystem,” he said.
Experts highlight India’s unique potential as a nation of 1.4 billion people with the capability to excel in manufacturing high-tech products like smartphones. The government aims to build a robust supply chain, following China’s model of becoming the world’s factory. While India has already succeeded in positioning itself as a mobile phone manufacturing hub, it also harbors ambitious plans to become a global leader in semiconductor production.
Currently, India’s semiconductor manufacturing industry is still in a very nascent stage. Taiwan is currently the world’s largest chipmaker, holding approximately 44 per cent of global market share, followed by China, South Korea, the US (6 per cent), and Japan, according to data from Taiwanese consultancy Trendforce.
BREAKING NEWS
TECHNO TRENDS
Ericsson steps up focus on R&D in India
Ericsson (NASDAQ: ERIC) today announced that it is stepping up its focus o...
Rubrik Unveils Data Security Posture Management for Microsoft
With Rubrik DSPM, organizations can confidently navigate the growing demand...
Apple eyeing the smart home domain with new devices and 'homeO
Apple is also looking at developing a new operating system likely called ho...
Ambani’s Reliance lobbies India on satellite spectrum
Starlink argues administrative allotment of licences is in line with a glob...
E-Magazine
TECHNOTAINMENT
FIFAe World Cup 2024: Opportunity knocks for India’s esports
Following the recent partnership between FIFA and Konami, eFootball, Kona
Rhea Chakraborty, Elvish Yadav Summoned in ₹500 Crore Scam
Actor Rhea Chakraborty, comedian Bharti Singh, and YouTuber Elvish Yadav
MOVERS & SHAKERS
Infopercept names Jhilmil Kochar as the Board’s Strategic Ad
Managed security services company, Infopercept Consulting has announced t
Akriti Chopra, co-founder & CPO Zomato resigns
Online food delivery platform Zomato Ltd announced the resignation of it
OPEN YOUR EYES
INTERVIEWS
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
HOT PICK
GITEX 2024 witness HID’s New FARGO Printer
The company is also showcasing its latest advancements in identity manageme
TECNO launches Spark 30C 5G smartphone in India
TECNO has now come up with the 5G variant of the Spark 30C 4G smartphone i
MAKE IN INDIA BRANDS
VERSA NETWORKS INDIA PVT. LTD.
ADITYA INFOTECH LTD.
ZOHO CORPORATION PVT. LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS (C-DOT)
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SANJAY GUPTA
Sanjay Gupta is the Country Head and Vice President of Google India an...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
Icons Of India : Dr. Arvind Gupta
Arvind Gupta is the Head and Co-Founder of the Digital India Foundatio...
PARTNER SPEAKERS
PSU
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
