Overview
Ashwini Vaishnaw, the Minister of Electronics and Information Technology, took to the social networking site X to share a triumph in the mobile industry. In a post, he revealed that the Indian mobile market has experienced remarkable growth, expanding by a staggering factor of 20 in just nine years.
Mobile Industry’s Rise
On X, the minister posted, “Met Mobile industry to review progress. The mobile industry has grown 20 times in 9 years. “
Reflecting on the sector’s evolution, Minister Vaishnaw underlined a remarkable shift away from import dependency. In 2014, 78% of the mobile market relied on imports. Fast forward to 2023, and a monumental transformation has occurred: an astonishing 99.2% of all mobile phones sold in India proudly bear the label “Made in India.”
To delve into a comprehensive assessment of these advancements, the minister convened meetings with key players and executives in the mobile sector. This gathering served as a platform to acknowledge the sector’s achievements, discuss emerging issues, and examine long-term development plans.
For the unversed, In a noteworthy move, Google announced its decision to commence phone manufacturing in India, joining the ranks of global smartphone giants like Samsung and Apple that have initiated the assembly of their flagship phones in the country.
Minister Vaishnaw expressed his contentment with the industry’s resilience and its commitment to the ‘Make in India’ initiative. This noteworthy accomplishment aligns seamlessly with the government’s vision to promote self-reliance and bolster the manufacturing sector under the ‘Aatmanirbhar Bharat’ initiative.
The success story of the phone industry highlights India’s ability to transition from a predominantly import-dependent status to emerging as a significant player in phone manufacturing on the global stage.
India’s ascent as a hub for phone device manufacturing has elevated the phrase “Made in India” to symbolise excellence, innovation and creativity.
Minister Vaishnaw’s post not only celebrates the accomplishment in the phone industry but also fills the nation with pride as India cements its position as a powerhouse in a tech-driven world.
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