Published on : May 18, 2015
The leading mobile phone manufacturers in India are seeking to transform the country into a manufacturing hub by the end of 2019, with the help of their Chinese contemporaries.
To escalate this idea a delegation comprising 14 founders and CEOs of leading mobile manufacturers in India attended the China Business Forum, which was organized recently at Shanghai. This is a part of the government led initiative to empower and strengthen the industries of the country.
Pankaj Mohindroo, who is the President of the Indian Cellular Association expressed during an recent interview with the South China Morning Post that they were attending the forum to let their Chinese counterparts know that Indian markets will whole-heartedly welcome investment and manufacturing from China.
He further went on to say that if India and China collaborate to share their resources in mobile manufacturing, designing, and assembling they can very well surpass the largest mobile market in the world.
Pankaj Mohindroo further expressed that their key focus is to engage mobile makers in China to help establish an eco-system in India which will conducive to the manufacturing of mobile phones. This plan to forge collaboration between the leading mobile manufacturers in India and their Chinese counterparts is a part of the initiative taken up by Honorable Prime Minister of India Narendra Modi, who just returned from his visit to China where he met with the top business and social leaders in China. During his tour, the Prime Minister signed more than 20 agreements of bilateral trade and investments worth over US$10 billion.
As per records of ICA, of the 200 million mobile phones, which were sold in India previous year, 25% are smartphones. In this segment, Samsung dominated the market for smartphones.