Union Minister Ravi Shankar Prasad says mobile manufacturing industry to touch Rs 1,32,000 crore by 2018

Indian mobile manufacturing industry is expected to touch Rs 1,32,000 crore by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said at an Assocham event held in New Delhi today.

India manufactured about 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15 showing a growth of over 90%.

In value terms, India’s mobile manufacturing industry produced mobile phones worth Rs 54,000 crore in FY15-16 compared to Rs 18,900 crore in FY14-15.

The same reached Rs 94,000 crore by end of 2017, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology at MeitY – Assocham–Ericsson Joint ICT Start-Ups Awards–2018.