INSUBCONTINENT EXCLUSIVE:
other verticals in the electronic industry should look to emulate.What will it take to make India the leading smartphone factory of the
Mohindroo, Chairman of India Cellular and Electronics Association (ICEA) talks about how India has seen a paradigm shift in smartphone
is already the smartphone factory of the world
We are the second largest manufacturer in the world in volume with over 250 million smartphones being made here
This is from a period when 78% of mobile phones used to be imported for use in India
Mohindroo also talks about the role that the PLI scheme has played in the rise of smartphone exports from India and policy challenges such
as ease of doing business, tariff structures and labour laws that still need to be addressed.According to the ICEA chairman, the aim is to
hit $100 billion in smartphone production in the next three years
He sees a 120% growth in the coming years and expects smartphone exports to hit Rs 350,000 crore by 2026.Mohindroo discussed the importance
of self-reliance in the semiconductor space and how the government and the industry are pushing for expertise in that area.
