Gains 10% share as disruption hits Chinese smartphone majors
The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing
With consignments stuck at ports in the two countries, manufacturers now fear a severe impact on their festive season plans if the issue is not resolved by mid-July.
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.
If the current talks with the ATMP big boys fructify, it will be a major step for the country.
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.
According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore
These five sectors are textiles, chemicals, electronics, steel and pharmaceutical
Decision to help electronics manufacturers make India a global hub; Apple, Samsung may gain
He added that challenges in sectors like agriculture, transportation, energy, logistics and industrial automation also present opportunities for developing solutions.
Small and medium enterprises (SMEs), which account for nearly a third of the industry's revenue, with a varying share in different segments, are expected to be hit hard
The meeting is now likely to be held on September 16, 2019
Ironically, it is aimed at creating more demand for Make in India goods
For instance, phone-making units have increased to around 120 in 2018 from less than 10 in 2014, but then a majority of these are doing assembling only with imported components
The fund is expected to be accessible to those foraying into electronics hardware manufacturing
The fund is expected to be accessible to those foraying into electronics hardware manufacturing