19.2 C
Nigeria
Sunday, July 3, 2022

Read Online

Indian Achieves 1OOm Mobile Phone Manufacturing Capacity

The manufacturing capacity of mobile phone factories in India has surpassed the 100 million mark, the Telecom Minister, Ravi Shankar Prasad has announced.

That represents a jump on the 68 million mobile phones assembled locally in 2014 following the opening of 15 new factories over the past year.

Smartphone sales in India also reached 100 million by the end of December, 2015, he added.

“All the major companies in the world namely Panasonic, Mitsubishi, Nidec, Samsung, Bosch, Jabil, Flextronics, Continental are in India besides all the top Indian companies who are already here,” Prasad said.

Due to the increasing switch to smartphones, the value of the phones assembled in India also nearly doubled — up by 95 percent — over the previous year, according to Indian Cellular Association founder and President Pankaj Mohindroo.

“Government has made sincere efforts to boost mobile phone production in the country. The new investment has created 30,000 new jobs in the country and state governments have shown keen interest in attracting these investments,” Mohindroo said.

Business Journal
We deliver business news that are professionally crafted and tailored to give you business freedom and expression that is aimed at increasing your spirit of enterprise.

Related Articles

- Advertisement -

Stay Connected

20,300FollowersFollow
3,378FollowersFollow
19,800SubscribersSubscribe
- CLICK TO DOWNLOAD -spot_img
- Proud Member -spot_img
- Advertisement -

Latest Articles