99.2 percent of mobiles sold in India are 'Made in India', says IT Minister

• 44
• 0

Ashwini Vaishnav, the Minister of Electronics and Information Technology, announced the achievement in the mobile industry on the social media platform X.  

 

He wrote in a post that the Indian mobile industry has witnessed rapid growth, expanding by a remarkable factor of 20 in just nine years.

 

Minister Vaishnav posted on X, "Met Mobile industry to review progress. Industry has grown 20 times in 9 years. 2014: 78 per cent import dependent 2023: 99.2 percent of all mobiles sold in India are 'Made in India'".

 

Talking about the growth trajectory, the minister highlighted an important shift in import dependency. In 2014, a staggering 78 per cent of the mobile market relied on imports. But in 2023, 99.2 percent of all mobiles sold in India are now proudly stamped as 'Made in India.'

 

The minister met with key stakeholders and leaders in the mobile industry to conduct a comprehensive review of the progress made.

 

With the growth of the mobile sector, the domestic manufacturing ecosystem has been strengthened and also contributed significantly to reducing India's dependence on foreign imports.  

 

Minister Vaishnav expressed his satisfaction with the industry's resilience and commitment to the 'Make in India' initiative.

 

This remarkable achievement aligns with the government's vision to enhance self-reliance and boost the manufacturing sector under the 'Aatmanirbhar Bharat' initiative.

 

The success of the industry highlights India's capability of transitioning from being predominantly import-dependent to an emerging key player in mobile manufacturing globally.

 

The meeting with industry leaders provided an opportunity for constructive dialogue on future prospects, technological advancements, and collaborative efforts to sustain and further amplify this success.

 

Minister Vaishnav conveyed his optimism for the continued growth of the Indian mobile industry and its pivotal role in the nation's economic landscape.

Source