Soon you will be seeing Micromax, Celkon and Karbonn phones with Made in India labels. These companies have signed MOU with Andra Pradhesh Government to make phones in the manufacturing units that are soon to be set forth in the state.
The move, by the Indian OEMs, is partly because of the Government of India initiative to “Make in India” and partly because of the economic slow down and rising manufacturing costs in China. Ironically it is the Chinese company Xiaomi that annonuced their made in India phones. Xiaomi too have theirs plant set up in Andhra Pradesh.
Micromax, Celkon and Karbonn are the leading OEM’s in the country, together selling holding lions share of the phone market. Korean Companies like Samsung and LG too have their significant share in the market. The Chinese company Xiaomi is the third largest smartphone manufacturer.
The move to produce phones indigenously is a good sign for the economy as it will create a good number of jobs in the country, which otherwise would have added to the Chinese economy.
With the entry of Indian OEM’s the state of Andra Pradesh have set the target of manufacturing 6 – 7 million phones per month from next year. India is currently one of the leading smartphone market in the world. The major share goes to the Android powered smartphones that are in the budget segment. Premium phones from Samsung and LG too have many takers.