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India is preparing to earn 700 billion yuan from mobile phone exports

Published Time: 2022-10-25 10:12:46
India reset the target of consumer electronics industry.

· Rajeev Chandrasekhar, Federal Minister of Electronics and IT of India, pointed out that the Indian government is currently focusing on expanding the electronic manufacturing space in India, and the manufacturing industry promotion plan (PLI) implemented by the Indian government will systematically upgrade the manufacturing industry.  The manufacturing industry promotion plan (PLI) of 2 trillion rupees that the Indian government plans to implement includes the chip promotion plan of 10 billion dollars related to the consumer electronics manufacturing field, the promotion plan related to the smartphone field, and the stimulus plan of 4.6 billion dollars related to the new energy automobile field.

· Josef S í kela, Czech Minister of Industry and Trade, the rotating presidency of the European Union, said that a charger suitable for multiple devices would save money and time, and also help us reduce electronic waste. Previously, the charger produced about 11000 tons of electronic waste every year.

· The efforts of the Indian Government have yielded partial results. In September, India's smartphone exports reached $1 billion for the first time. Research shows that the shipment of smart phones "made in India" will grow by 16% year-on-year from April to June 2022, reaching more than 44 million units.

· On October 24 local time, the European Council approved that all types of mobile phones, tablets, digital cameras and other electronic devices sold in the EU must use Type-C charging interfaces in a unified manner from 2024. Consumers can also choose whether to purchase additional chargers when purchasing electronic devices. A 40 month grace period is allowed for laptops using a unified charging interface.

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· It is worth noting that, according to the report on August 10, Yang Shucheng, Secretary General of China Mobile Enterprise Association, expressed his opinion on the PLI plan, "India has introduced similar policies before, but the possibility of 100% realization is very small".  That is to say, according to the completion of the previous incentive policies, India's 400 billion rupee incentive plan is likely to be just a "pie in the sky" to induce foreign enterprises to invest in India.

· According to the news on the website of the European Council on October 24, the European Council approved the bill of "unifying the charger interface within the EU" on the same day. This means that by 2024, all kinds of mobile phones, tablets, headphones and other electronic devices sold in the EU must use Type-C charging interface uniformly.

· To become a consumer electronics manufacturing power is one of the main economic goals of the Modi government in India. Modi previously pointed out that India has no choice in semiconductor manufacturing, and cannot rely solely on foreign imports. India must reduce imports and increase its capacity for self manufacturing. "Made in India" has unlimited possibilities. India must work together to build a strong manufacturing base. Pankaj Mohindroo, chairman of India Electronics Industry Association (ICEA), previously pointed out that it is crucial to actively promote the development of consumer electronics, build India into a US $5 trillion economy and make India a US $1 trillion commodity exporter.

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· Some analysts pointed out that the plan may help India's mobile phone manufacturing industry, but there is still a big gap compared with China. As a world factory, Chinese enterprises often undertake important links in the global industrial chain. According to the report of the Global Times on July 7, Mitsch, president of the Western Region of the National Electronics Association of India (AIEA), said that about 80% to 90% of the electronic parts in the country directly or indirectly come from China.

· Increase import tariffs and promote the settlement of consumer electronics manufacturing in India. Driven by this policy, Chinese smartphone manufacturers, including Xiaomi, OPPO and VIVO, have set up factories in India. South Korea's Samsung and others have also increased their investment in India. American technology companies such as Amazon, Microsoft and Facebook have also set up factories or increased investment in India. Data shows that in the Indian mobile phone market, Indian local manufacturing enterprises are rising.

· In addition, insiders said that in India's $100 billion export plan for mobile phones, Apple and Samsung each accounted for half of the $50 billion.  In fact, India has always wanted to attract top mobile phones in the world, such as Apple and Samsung, to settle there, and then become a global smartphone manufacturing base, but it has been unsuccessful.  Now, will the country spend more than 400 billion rupees to "win over" Apple, Samsung and other suppliers?

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· It is reported that, according to India's production linked incentive plan (PLI) announced in April this year, the country will spend more than 400 billion rupees (about 37.2 billion yuan) in the next five years to stimulate the development of electronic manufacturing industries such as smart phones. However, electronic enterprises in India must put forward their goals in advance. For example, this time, seven major manufacturers, including Foxconn, put forward a target of 100 billion dollars in mobile phone production and applied for subsidies. At present, the relevant authorization committee of India has preliminarily approved the above application.


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