Mobile phone production growth in India stays flat this year: ICEA
Published By : Prameya News Bureau | December 27, 2020 IST
Share
New Delhi, Dec 27: As the mobile handset manufacturing sector recovers after the Covid-19 shock, it is estimated that manufacturing for 2020-21 will equal the previous year's production level, industry body India Cellular and Electronics Association (ICEA) has said.From Rs 1.8 lakh crore production in 2018-19, mobile phone production touched Rs 2.14 lakh crore in 2019-20, ICEA said, adding that the manufacturing is projected to hit Rs 4.85 lakh crore in 2022."Our domestic market vis-a-vis domestic manufacturing is saturated and we have set our sights on a target of Rs 7.7 lakh crore of exports by 2025. The burgeoning domestic market is expected to touch Rs 5.6 lakh crore by 2025," ICEA Chairman Pankaj Mohindroo said in a statement."We are looking at a quantum jump in current domestic manufacturing from Rs 2.2 lakh crore in 2020 to Rs 13.02 lakh crore by 2025."Covid-19 restrictions hit the manufacturing industry in the country, including the mobile handset production, especially during the lockdown period.The situation started normalising from July with a positive impact on exports and domestic production.Demands also revived in the second half of the year."Export of electronic goods have nearly doubled in last three years (from $6 billion in 2017-18 to $11.21 billion in 2019-20). Mobile phone contribution in this has risen from 3.5 per cent in 2017-18 to 34 per cent in 2019-20," Mohindroo said. (IANS)
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
NITA Football Academy emerge victorious in IWL-2 encounter!
Arunachal was, is, and will remain an integral part of India: MEA
Govinda joins Shiv Sena in CM Shinde's presence; may be fielded from Mumbai North West
‘To browbeat and bully others is vintage Congress culture', says PM Modi on lawyers’ letter to CJI
Jhunjhunu LS constituency tops charts with highest centenarian women voters in Rajasthan
Excise policy case: Delhi court extends CM Kejriwal's ED custody till April 1
Heatwave conditions in Gujarat as several cities record around 40 degrees temperature
Sensex crosses 74K mark in 1000 points rally
Political conspiracy, claims Kejriwal while being taken to Rouse Avenue Court
Ladakh agitation intensifies as protesters threaten march to border with China
CM Kejriwal to be produced before Delhi court today as 6-day ED custody ends
Nobel-winning economist Daniel Kahneman dies at 90
Fresh petition filed in UP court to declare Taj Mahal as Shiva temple
BJP appoints election in-charges, co-incharges for states, UTs
PM Modi, party chief J.P. Nadda among BJP's star campaigners for Rajasthan
TN MP Ganeshamurthi dies at Coimbatore hospital 4 days after 'attempting suicide'
Nominations for 2nd phase in UP begins today
Rahul Gandhi likely to file nomination in Wayanad on April 3
Delhi HC gives Kejriwal no interim relief against ED arrest, custody; matter to be heard on April 3
TN district collector releases 'invitation card' for voters