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The smartphones are a vital part of everybody's life today and taking into consideration the same fact, Department of Telecom (DoT) on Monday released a startling fact that in the next two years, manufacturing of smartphones would have crossed a figure of almost 500 million units. Just last year 45 million units were produced that increased to more than 100 million units this year.
When Telecom Secretary J S Deepak was asked to comment, he quoted,"The number of phones being manufactured was 10 million sometime back which has now increased to 45 million last year and 100 million this year. The time has come when we will reach 500 million, in maybe 2 years." He further added that “Today with a base of talent and incentive policy, India is becoming a global hub for manufacturing of phones out of which most are low-end phones."
In order to reduce the import duty and transactional value, even the Government of India is making furious attempts by making it domestic friendly, cutting down the price rates and implementation of several tarriff plans is helping the domestic makers to produce different kinds of electrical goods like setup boxes, Broadband etc. This approach got a giant leap by the Modified-Special Incentive Package Scheme (M-SIPS) as a part of which the Govt. of India received an amount of INR 1.13 Lac Crores to further improve and speed up the manufacturing of the products.
Earlier M-SIPS was valid till July 2017, but as per the recent update, it now has been extended up to July 2020. This scheme is quite productive and useful as it provides large capital subsidies for investing in the production. As per the Telecom Secretary, the main priority of the Govt. of India is to provide high-speed data broadband in not only urban areas, but also rural areas. He further speculates that "Maybe only 7 percent people in rural areas use the Internet and there are only 14-percent households which are digitally literate. This needs to be changed since it's an issue of a Digital Divide."
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