Explained: 2 billion phones and India's quest for higher local value addition – Forbes India
Tarun Pathak, research director at Counterpoint Technology Market Research, unpacks India's efforts to boost local manufacturing
The quest to move beyond entry-level phones in the assembly process led to a milestone when Apple decided to assemble iPhones in India in 2017-2018 Image: Sajjad Hussain / AFP
India’s consumption of semiconductor components is projected to hit $300 billion in 2026. Smartphones will continue to account for the largest share of that. Therefore, raising the level of local value addition is critical.
Tarun Pathak, research director at Counterpoint Technology Market Research, tracks devices and ecosystems, and explains how India has more than doubled this metric in recent years and how it could do it again.
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