Just In
- 50 min ago Samsung Galaxy M15 5G Launch in India Teased; Could Be Priced Under Rs 15,000
- 55 min ago Good News for GTA Fans: GTA 6 Release Not Delayed to 2026 After All
- 1 hr ago TECNO POVA 6 Pro Vs Nothing Phone (2a): Long Lasting Battery or Performance
- 3 hrs ago Tecno Pova 6 Pro 5G Review: The King of Fast Charging with a Small Catch!
Don't Miss
- News IndiGo Launches Daily Direct Flights Between Bengaluru And Bali
- Movies Ananya Pandey & Aditya Roy Kapur Engagement Date: B-Town Couple Getting Engaged Soon? Here's What We Know
- Finance Zerodha Fund House Doubles AUM To Rs 1,000 Crore In 40 Days; Says Founder Vasant Kamath
- Travel Choosing Your Next Home: Hyderabad Or Pune?
- Lifestyle Aditi Rao Hydari's Double Diamond Engagement Ring Is Unique, Celebrity Wedding Rings That Are Bookmark Worthy!
- Sports RCB vs KKR IPL 2024: 'Virat Kohli will be fired up just looking at Kolkata dugout,' claims former India pacer
- Education National Management College begins admissions for CA and CMA courses
- Automobiles Ather Rizta Pre-Bookings Now Open – Ola S1 & TVS iQube Rival
Phones worth Rs 1 lakh crore to be assembled in India in FY17
Nearly 40 new factories have come up in the country during this period
Nearly Rs. 1 lakh crore worth of mobile phones are likely to be assembled in India by the end of this fiscal, said IT minister Ravi Shankar Prasad.
"India will be producing mobile phones worth Rs 97,000 crore this fiscal, a quantum jump when compared to the Rs 18,900 crore achieved in 2014 15," IT minister Ravi Shankar Prasad told TOI.
Prasad said that nearly 40 new factories have come up in the country during this period, and these have been joined by nearly three-dozen top ancillary makers. "If you look at the output, India is expected to locally-produce nearly 200 million devices this fiscal against 60 million units two years back."
SEE ALSO:Draft guidelines on digital payments soon, says Ravi Shankar Prasad
As the Government gives 12 per cent incentive to companies on imported product, many companies are setting up their assembling unit in the country. Chinese firms like Huawei, Lenovo Motorola, Xiaomi and Gionee and homegrown brands such as Intex, Lava, Karbonn and Micromax have been assembling products in the country.
For enhancing electronic manufacturing government has also set up dedicated Electronic Manufacturing Clusters (EMC) in different parts in the country.
India is one of the fastest growing smartphone markets globally. During the second quarter of 2016-17, smartphone market in developed countries grew at 4.3 per cent, while that in developing markets (other than India) was up 9.9 per cent. The Indian smartphone market grew 15 per cent.
The Indian smartphone market grew significantly. Helped by various government schemes to promote local manufacturing, many handset makers have started their production in India.
-
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