INSUBCONTINENT EXCLUSIVE:
The Minister of Electronics and Information Technology, Ashwini Vaishnav, took to social media platform X, formerly Twitter, to share an
important achievement in the mobile industry
In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just
nine years.Minister Vaishnav posted on X, "Met Mobile industry to review progress.Industry has grown 20 times in 9 years
2014: 78 per cent import dependent 2023: 99.2 per cent of all mobiles sold in India are 'Made in India'"
The minister made the announcement after his meeting with the key stakeholders and leaders in the mobile industry
The meeting aimed to conduct a comprehensive review of the progress made
The meeting is said to have served as a platform to acknowledge the industry's achievements, discuss emerging challenges, and explore
strategies for sustained growth.Reflecting on the industry's trajectory, the minister highlighted a significant shift in import dependency
He shared how in 2014, a staggering 78 per cent of the mobile market relied on imports
Fast forward to 2023, and a transformation has occurred - an impressive 99.2 per cent of all mobiles sold in India are now proudly stamped
of the iPhone 17 in the second half of 2024, according to noted Apple analyst Ming Chi Kuo
acquired the Wistron production lines for $125 million - are speculated to start the introductory process as early as 2024
Reports also claim that Apple may scale down its operations with Foxconn in Zhenghzhou and Taiyuan in China by 35-45% and 75-85%
