Big boost to Make in India as 94% of the mobiles sold in India are country made!

PM Modi has always been stressing on Make in India program to boost the industrial sector in India and provide job opportunities to the Indian population. Since 4 years the central government has made all sort of policy changes to help ease of doing business in the country to encourage more start ups. In a span of four years India has jumped to 100th ranking from 143 in ease of doing business.

PM Modi has brought in many schemes and programs to motivate young Indians become job givers than just job seekers. He has encouraged women entrepreneurship programs by helping women get collateral free loans from banks. The Mudra Yojana also has been a massive success with over 8 crore people getting benefits to start their own business in the county.

PM Modi also stressed on bringing foreign investments into India and especially in the field of information and technology. The mobile phones which are sweeping the Indian markets has a huge potential to give jobs to thousands of people. The foreign companies which used to only sell their smart phones in Indian market have now set up their companies here where the mobile phones are assembled. This has provided thousands of jobs to youngsters in many cities.

The report which was submitted by Cyber Media Research said that domestic manufacturing of mobile phones had seen a significant increase in the third quarter of 2018, with almost 94 per cent of the handsets being made in the country.  “India Mobile Handset Market Review Report”, India’s mobile handset market recorded nine per cent sequential growth during the quarter and smartphones grew sequentially by 29 per cent.

“As of third quarter of 2018, local manufacturing has now seen a significant boost. Completely knocked down (CKD) level manufacturing constitutes almost half of the overall market. Smartphone brands like OPPO, Vivo and Xiaomi have moved largely to surface-mount technology (SMT). “Reliance Jiophone also entered into SMT production in this quarter. Among domestic players, Lava has the major share in SMT production,” said Prabhu Ram, Head-Industry Intelligence Group (IIG), CMR late Wednesday. Economic Times

So, PM Modi’s ambitious plan of Make in India is definitely playing a significant role in bringing foreign investments in to the country and providing opportunity for local markets in a big way.
However, the Indian companies and industrial growth rate still needs to pick up as the ease of doing business still partly depends on state wise policies which are still tedious. The government also needs to bridge the gap between the industrial sector, manufacturing sector  and research which needs a long term plan and commitment.

Only with the growth of manufacturing sector can the country really provide job opportunities and put up a real competition in the global market.

Power Punch

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