The electronics manufacturing industry has met its objectives set a decade ago, becoming the world’s second-largest maker of mobile phones, generating products worth Rs4.1 lakh crore, according to an industry body. The India Cellular and Electronics Association (ICEA), which represents the leading smartphone brands and manufacturers, estimates that the sector ended the decade with 2.45 billion […]
The government should not reduce import charges on electronic components used in smartphone manufacture in the next Budget since the present tariff system has proven successful and altering it might affect local manufacturing, according to a GTRI report released on Monday. The Global Trade Research Initiative (GTRI) stated that keeping existing rates will assist in […]
The arrest of Hari Om Rau, founder of homegrown device producer Lava International hit the spirits of the mobile manufacturing sector all-time low, ICEA said on Saturday. The Enforcement Directorate arrested Rai concerning an alleged money laundering case involving the Chinese smart devices maker Vivo. “We understand that the morale of the industry has hit […]
The export of mobile phones from India almost increased by 100 per cent to around Rs 45,700 crore till August of the current financial year, as estimated by industry body ICEA. According to ICEA, the mobile phone export from India between April-August 2023 was around Rs 24,850 crore. Apple exported mobile phones worth more than […]
Attractive government incentives have boosted local manufacturing, setting the stage for smartphone exports from India to reach USD 10 billion (over 82,000 crore) in the fiscal year ending 31 March, according to industry data released on Wednesday. The Indian Cellular and Electronics Association (ICEA) reports that Apple’s ‘make in India’ smartphone now makes up 50 […]
