The share of locally manufactured/assembled mobile handsets in India went up to 24.8% during Q2 2015 from 19.9% during Q1 2015. The share of locally made devices is expected to rise with Xiaomi, Lenovo, Gionee and Sony all setting up local assembly units in the country.
Airtel Digital TV and Bharti Airtel have taken up the Government’s Make in India initiative to produce HD set top boxes ingenuously. The set top boxes were conceived with MyBox technologies and ST Electronics and will be produced near Pune. They will allow broadcasting at 1080p, the ability to record unlimited shows and access Wi-fi through USB.
Samsung and Micromax imported 6.9 mn SKD mobile phone units in June 2014, double the 3.4mn units they imported during June 2014. SKD imports grew by 64% y-o-y to 18.14 mn units during the Apri-Jun quarter. The move to increase assembly of devices in India was driven by the Government’s decision to change the import duty structure.
The company is apparently in talks with the Indian government to set up a manufacturing unit in the country. The move is instigated by the accelerating wage inflation in China. Foxconn will send a delegation of officers to scout for locations in a month’s time. The company is looking to manufacture Apple’s iPhone, iPad and iPod in India for both domestic as well as international sales.
NaMo government plans to bring India among the top 50 countries in terms of Ease of Doing Business.
Here is why “Make in India” versus the “Make for India” debate is irrelevant, or even incorrect.
Although India’s rank fell down by 2 points, World Bank has mentioned that there has been great improvements over the past 12 months.
MakeInIndia aims at luring more companies to start businesses in India by variouys reforms on government policies.
To move ‘doing business in India’ ranking from 134 to 50 in 3 years.