Over 150 handset manufacturing units procreated in Last 4 years Of Modi Govt.
By MYBRANDBOOK
According to a new report from CyberMedia Research (CMR)Modi govt's 'Make in India' have procreated the setting up of over 150 mobile handset manufacturing units in the past four years in India. In CMR's India Mobile Handset Market Review Report for 2018 also marked that end of Q4 2018, CKD (completely knocked down) manufacturing crossed 57 per cent while SKD (semi knocked down) manufacturing crossed around 39 per cent marking and after all the share of CBUs (completely built units) was four per cent.
The Ministry of Electronics and IT (MeitY) is now also encouraging domestic companies to start Design in India and produce electronic products at large scale for shipments worldwide. The creation of localised design centres is, however, low.
The government also introduced the Phased Manufacturing Program (PMP) to encourage electronics manufacturing in India. By subjecting imports of electronic components to duties, the intent for PMP was to boost local manufacturing using local components.
"As a result of Government's proactive policy push of using import duties to catalyse investments into mobile phone manufacturing, we are seeing a clear uptick in domestic mobile handset manufacturing,” Prabhu Ram, Head-Industry Intelligence Group, CMR, said in a statement.
"While thus far, the SMT manufacturing has focused on smartphone production, we anticipate a similar uptake in feature phone segment too. The featurephone segment, over the short-term, will see new players, beyond Samsung, taking-up SMT manufacturing," he added.
The top five original design manufacturers (ODMs) in Q4 2018 included Flextronics, Samsung, Rising Stars Mobile, Hipad Technology and Vivo, said the report.
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