As the Indian government intensifies its push for increased exports in the electronics industry, a notable concern has emerged regarding major Chinese mobile phone brands.
Despite commanding a substantial 75 per cent share in the domestic smartphone market, Chinese companies like Xiaomi, Oppo, Vivo, and Realme are lagging in terms of device exports, accounting for only 14 per cent, reports Business Standard.
In terms of market value, Chinese smartphone brands hold a 55 per cent share in the $40 billion Indian smartphone market.
Contrastingly, companies like Apple, which predominantly manufactures its smartphones in China, are increasing their production capacity and exports from India.
This presents a stark difference from Chinese counterparts, raising questions about the incentives and strategies in place for fostering exports from India.
While the government has been encouraging Chinese brands to boost exports, limited progress has been observed.
The spotlight on India's smartphone manufacturing landscape is also juxtaposed with the success of Vietnam, which has emerged as a significant competitor.
Despite a local smartphone market of $2 billion, Vietnam's exports reach an impressive $40 billion.
In comparison, India's local market is valued at around $40 billion, but smartphone exports in the last financial year were just over $11 billion.
Nayan Dwivedi is Staff Writer at Swarajya.
An appeal from Swarajya
At Swarajya, we rely on our readers' support through subscriptions to sustain our media platform. Unlike larger conglomerates, we are unable to relentlessly chase advertising money — our model is largely built on your patronage.
Your support has never been more crucial. We work tirelessly to deliver 10-15 high-quality articles daily, ensuring you receive insightful content from 7 AM to 10 PM.
If you believe India's story has to be articulated in a way it has never been done before without shrugging it off, become a patron (or) subscribe now for ₹̶2̶4̶0̶0̶ ₹1999 and get 12 print issues, unlimited digital access for 1 year, a special India that is Bharat T-shirt (Offer ends soon).
We are counting on you!