With a three-pronged strategy (restart, restore and resurgence), India can achieve $100 billion in mobile phones and nearly $40 billion in component exports by 2025, a new report said. The strategy document titled “Mobile Manufacturing in a post-Covid-19 World” by industry body India Cellular and Electronics Association (ICEA) and consultancy major EY, offers a roadmap for the Indian industry to become a global supplier of mobile phones in a world where two countries — China and Vietnam — and five global companies dominate over 80 per cent of the world’s export market. Nearly 198 countries import mobile phones, and till recently, only two countries — China and Vietnam — were among the exporters. India joined the ranks as a third with a modest $3 billion exports in 2019-20. It now aims to target the number two spot. “The mobile manufacturing and components sector is ready to lead India’s post Covid-19 exit strategy. Production has restarted. We hope to hit 100% production by August,” Pankaj Mohindroo, Chairman, ICEA, told reporters in a video call.

(Business Standard)