Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Despite Make-in-India push, brands still importing smartphones in large numbers.


Date: 21-08-2020
Subject: Despite Make-in-India push, brands still importing smartphones in large numbers
Prime Minister Narendra Modi's clarion call for Atmanirbhar Bharat has had little impact on mobile phone makers. Smartphone brands have continued to import in large numbers in July to prepare for the upcoming festive season.

Despite a decline of 6 percent, smartphone import volume in July stood at Rs 2,085.2 crore, while import volumes for handsets touched a three-year high of Rs 2,225.2 crore in June. Mobile phone makers in India, on an average, have ramped-up production to 65-70 percent only even after the Centre relaxed lockdown restrictions, The Economic Times reported citing International Data Corporation (IDC).

Comparatively, brands had scaled production, on an average, to 40-45 percent of capacity during the nationwide lockdown period between April and June. Brands like Vivo, which claimed to have reached around 90 percent of its production capacity, are the exception, the report stated.

Track this blog for all the latest updates on coronavirus pandemic

"Smartphone brands are still overcoming challenges like worker shortage, COVID-19 spread, logistics disruption and partial lockdowns," said Upasana Joshi, associate research manager at IDC, India.

She further said that the third quarter (July-September) is the high sell-in period because of the festive season. "In addition to the festive season, there is a pent-up demand, which the brands will cater to by importing phones,” ET quoted Joshi as saying.

To push the Make-in-India initiative, the Centre in April notified production-linked incentive schemes for large scale electronics manufacturing.

It offers incentives of 4-6 percent over five years, with FY20 as the base year, to companies that manufacture in India. The incentives are applicable with effect from August 1, 2020.

Source:- moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Date: 11-01-2021
Trade Notice No. 37/2020-2021
Electronic Issuance of Preferential Certificate of Origin (CoO) for India’s Exports to UK under Generalised Scheme of Preferences (GSP)

Date: 08-01-2021
Public Notice No. 37/2015-2020-DGFT
Enlistment under Appendix 2E of M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana - Authorized to issue Certificate of Origin (Non-Preferential) – reg.

Date: 07-01-2021
Notification No. 55/2015-2020-DGFT
Amendment in import policy and condition of items classified under Chapter 41 & 43 of ITC (HS), 2017, Schedule – I (Import Policy).

Date: 07-01-2021
Notification No.03/2021 - Customs (N.T.)
Exchange rate Notification No.03/2021-Cus (NT) dated 7.1.2021

Date: 06-01-2021
Notification No. 03/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 06-01-2021
Notification No. 1/2021 -Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 28th Feb, 2021.

Date: 04-01-2021
Trade Notice No. 36/2020-21
Cyber fraud complaints from Indian Exporters - Trade Advisory reg

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T.)
To rescind the Customs (Advance Rulings) Rules 2002



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001