The Growth of India’s Mobile Phone Manufacturing Industry
The mobile phone industry in India has witnessed a tremendous growth in recent years. With a large population of over 1.3 billion people and an increasing demand for smartphones, India has become an attractive market for global players in the mobile phone manufacturing industry. In fact, it is estimated that by 2021, India will overtake the United States as the second largest smartphone market in the world.
The Indian government has also played a major role in promoting the growth of the mobile phone manufacturing industry. In 2014, the “Make in India” initiative was launched to encourage companies to manufacture their products in India and create job opportunities for the local population. As a result, several international brands like Samsung, Xiaomi, and Apple have set up their manufacturing units in India.
The Potential to Create 2,50,000 Jobs in the Next 12-16 Months
The growth of the mobile phone manufacturing industry in India has not only boosted the economy but also created employment opportunities for thousands of people. According to a report by the Indian Cellular and Electronics Association (ICEA), the industry is likely to create up to 2,50,000