Dixon Technologies' Mobile and Electronics Manufacturing Services (EMS) division emerged as the primary engine of the company's success during Q3, analysts said.
Under the 'Make in India' initiative, the share of domestically assembled phones of the total phone shipments (or sales) rose to 98 per cent in 2022 from 19 per cent in 2014
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Analysts say the production linked incentive (PLI) scheme will turn Apple's fortunes in India. Will iPhone be more affordable for Indians? Listen to the podcast to know more
Import of mobile phone components during April-February FY20, according to government figures, hit $7.5 billion - of which 25 per cent was from the land of the dragon.
Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.