India is currently the largest mobile phone manufacturer in the world right now, second only to China. According to research done 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.
Taking the second spot, India has knocked Vietnam into 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 referred to market data that was available via the market research firm IHS Markit Ltd., China’s National Bureau of Statistics and Vietnam General Statistics Office.
Pankaj Monhindroo, ICA National President, stated, “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.”
According to Mohindroo, “As long as we bring the right focus on exports, we will be able to achieve these numbers.”
The policy and targets do make sense, taking into consideration that India is already the world's second largest smartphone market in terms of sales.