India’s mobile phone industry is targeting to achieve $100 billion export in phones and $40 billion in components by 2025. It comes under the major plan of reshaping and reorganizing the mobile phone industry in the country. It will flourish under the banner of “Restart, restore and Resurgence”. Pankaj Mohindroo the chairman of ICEA (Indian Cellular and Electronics Association) has said, “The mobile manufacturing and components sector is ready to lead India’s post-COVID-19 exit strategy. Production has restarted. We hope to hit 100% production by August. As the PLI scheme kicks in, we plan to ramp up global exports from India. There isn’t a moment left to waste”.
ICEA has further assured that it has documented a detailed strategy for the companies to sell their products in developed countries like the US or UK. According to the ICEA-FY report, an ample amount of labor, the presence of a global manufacturing hub, and a better MNC network, India has become a hotspot of mobile manufacturing recently. Also, the international factors like banning of Chinese products globally and all, are playing a crucial factor in this decision.