Going forward, the trend of trading via smartphones is going to further pick up as mobile medium enables customers to have real-time access to key developments related to trading and investments, they added.
Smartphone brands are still overcoming challenges like worker shortage, COVID-19 spread, logistics disruption among others.
The PLI scheme comes at a time when global OEMs are choosing to set up shop or extend their base in the country, and global supply chains are being redrawn.
The IT minister added that companies will be eligible for incentives from August 1.
Overall, the demand for products in non-essential categories has grown two-folds compared to March sales after the government allowed sales in orange and green through e-commerce firms from May 4 onwards, it said.
The aim is to make India an electronics manufacturing hub, bring it on par with competing nations and cut the import bill on such items
The Directorate General of Foreign Trade (DGFT) on December 7 had reduced export incentive from 4 per cent to 2 per cent.
The M30s is powered by the all-new Exynos 9611 processor and will be loved by multi-taskers and gamers.
This comes in light of the Centre's deferment of import duties on crucial mobile components
With some hand-holding from local authorities, the world’s biggest technology manufacturers can transform e-waste management into a feasible revenue source.
Around 78 per cent of the total domestic requirement of mobile phones in 2014-15 were met through imports.
Xiaomi led the smartphone segment with 25 per cent share. It was followed by Samsung with 21 per cent share, Lenovo 9 percent, Vivo and Oppo 6 percent each.
Brands like Apple and Google will be hit as they are heavily dependent on imports
India, which is one of the largest telecom markets globally, has seen production of mobile handsets grow at a steady pace over the past few years.
The government has made it mandatory to install Global Positioning System (GPS) in all mobile phones.
State-run BSNL has been entrusted with the job of running a six-month pilot project in Maharashtra from Pune to develop implementation methodology and software called Central Equipment Identity Register.
The present exemption from basic customs duty on specified parts of mobiles, such as camera module, touch panel, vibrator motor ringer, etc. will continue.
The Indian mobile firms are seeking government action to ease the pain of their defeat to Chinese rivals, an article in the state-run Global Times
The global spending on these end-user devices is expected to grow from USD 587.2 billion in 2016 to USD 599.13 billion in 2017 and further rise to USD 627.16 billion in 2019, Gartner said in a report.
Prime Minister Narendra Modi today said mobile phones will be the biggest interface between politicians and voters in the 2019 Lok Sabha polls and asked BJP MPs to use them extensively to stay in touch with people.
A new version of the iconic phone with an almost indestructible body and long battery life will reportedly be sold for around Rs 4,200 and will be promoted as a second phone for users yearning for simpler times.
"Samsung will now focus on large screen devices with display sizes of 5.5 inches and upwards. Samsung today has two devices with screen sizes of six inches," Samsung India, VP (Mobile Business) Manu Sharma told reporters today.
In a bid to promote the â€˜Make in India‘ campaign, the government is planning to review its policy on manufacturing of mobile phones, an Economic Times report, quoting government officials, says.
PSU lender Andhra Bank today announced the launch of a new initiative for cashless transactions through mobile phones for which only the Aadhar number is required.
The Department of Telecom today allowed import of mobile phones without panic button or emergency calling feature till February 28, 2017.