India is now the second largest mobile phone producer in the world after China, as per information provided by Indian Cellular Association.
According to the data shared by ICA, annual production of mobile phones in India increased from 3 million units in 2014 to 11 million units in 2017.
India replaced Vietnam to become second largest producer of mobile phones in 2017.
With the rise in mobile phone production, imports of the devices in the country also reduced to less than half in 2017-18.
Fast track task Force
The fast track task Force, a body under Ministry of Electronics and IT, has set target to achieve around 500 million mobile phone production in India by 2019, with value estimated to be around USD 46 billion.
The FTTF, which has members from industry and government, has set target to create USD 8 billion component manufacturing as result of growth in mobile phone production and create 1.5 million direct and indirect jobs by 2019.
The body has set the target to export 120 million mobile phone units with an estimated value of USD 1.5 million by the end of next year.