Just In
- 31 min ago TECNO POVA 6 Pro Vs Nothing Phone (2a): Long Lasting Battery or Performance
- 2 hrs ago Tecno Pova 6 Pro 5G Review: The King of Fast Charging with a Small Catch!
- 3 hrs ago BSNL Introduces New Rs 599 and Rs 699 High-Speed Fiber Broadband Plans: Check Details
- 3 hrs ago TECNO POVA 6 Pro Launched in India: Check Price, Specs, Offers
Don't Miss
- Automobiles Ather Rizta Pre-Bookings Now Open – Ola S1 & TVS iQube Rival
- Finance Blackstone Inc Plans $25 Billion Investment Surge In India's Booming Private Equity Market; Details
- Movies Tillu Square Expected OTT Release Date & Streaming Platform: Siddhu Jonnalagadda's Hit Film To Stream From...
- Education Karnataka KCET 2024: Registration details and more
- News Hardeep Puri Compares Sunita Kejriwal To Rabri Devi, Says She Is Preparing To Assume CMO
- Sports RCB vs KKR: Will Mitchell Starc play today for Kolkata Knight Riders against RCB?
- Lifestyle Navratri 2024 Date In April: When Will Chaitra Navratri Festival Start? Significance Of 9 Days, Deets Inside!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Govt Sets up Joint Task Force to Boost Mobile Manufacturing
New Delhi, Dec 29 (PTI) Government has set up a joint task force, which will include industry representatives from Samsung, Microsoft Devices and Lava, to rejuvenate nation's mobile phone manufacturing ecosystem with a view to achieve production of 500 million units of mobile handsets by 2019.
Industry body Indian Cellular Association (ICA) National President Pankaj Mohindroo has been appointed as Chairman of the task force. Nokia SEZ President and Director - India Operations Josh Foulger has been made co-chairman along with Lava Co-Founder Hari Om Rai.
Samsung India Managing Director BD Park, Sony India Kenichiro Hibi, Microsoft Devices Director for Government relations Sandeep Bhargava, LG India MD Soon H Kwon, Micromax Informatics Co-founder Vikas Jain are also on board as members of the task force.
Recommended: Top 10 Upcoming Rumored Smartphones Expected To Launch in 2015
The Department of Electronics and Information Technology (DEITY) Directors SK Marwah and Asha Nangia will represent government in this task force. In an office memorandum, DEITY has announced setting up of a 'Fast Track task Force' to "re-establish and catalyse significant growth in mobile handset and component manufacturing eco-system in India."
As per the office memorandum, the terms of reference of the task force includes promotion of "large scale manufacturing/assembly activity to achieve production of 500 million units of mobile handsets by 2019 i.e. annual manufacturing output of Rs 150,000 crore to 300,000 crore."
It is estimated that this large scale production can create employment opportunity for 15 lakh people. ICA in its budget recommendation has said that in absence of corrective measures, mobile exports from India will crash to zero in 2015.
Recommended: 8 Best Smartphones with 3GB RAM Launched in 2014
Mobile market in India is estimated to grown by 32 per cent or to USD 12 billion in 2014 but imports account for three-quarters of the market. Domestic production fell by 29 per cent in the year mainly due to suspension of production at Nokia plant. Finland-based Nokia sold its worldwide handset business for USD 7.2 billion to Microsoft, but its Sriperumbudur plant was left out of the deal due to tax issues faced by Nokia India.
The factory, considered to be among the largest for the company, stopped production from November. Exports of mobile phones have been declining after touching a peak level of Rs 12,000 crore in 2012. Mobile exports crashed by 70 per cent from Rs 11,850 crore in 2013 to Rs 2,450 crore in 2014. They are estimated to be nil next year in absence of corrective measures, an ICA report has said.
Source: PTI
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
12,500
-
68,999
-
23,990
-
1,25,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510