In a bid to India’s electronics manufacturing sector, a global Chinese major ‘Oneplus’ has announced that it has already begun exporting Made in India Oneplus handsets to major markets across the globe that includes the US and some European markets. This is very positive news for the overall Indian manufacturing sector when it comes to the electronic ecosystem. This news comes in line after Apple decided to shift its manufacturing base. More so, after Apple announced that more premium and recent Apple smartphone models would be manufactured in India, this has certainly drawn the global attention to the rising manufacturing alternative that India has brought to the table for global MNCs.
Certainly, this has drawn a well-renowned premium brand in the Android market as well. Carl Pei of Oneplus has said ‘the number of smartphones manufactured in India would increase gradually given the quality of products remains as high as possible with the costs being minimal’. It’s a logical progression for the company to start shop in India given many factors especially the US-China trade war and the increasing manufacturing costs in China. India has presented the best use case scenario for global manufacturing giants to manufacture in India. The labor is among the cheapest in the world in India as well as other government perks being offered.
With better manufacturing infrastructure in India, and the constant support by the government and very progressive regulatory reforms and policies have only catalyzed the manufacturing growth prowess in India. This would bring in more companies to India in the crucial electronic manufacturing sector. Till recent past India only had assembly lines in the name of manufacturing and even those were through SKD (semi-knocked down) routes. The government incentivized manufacturing by restricting the complete manufactured product. Since late 2018, many companies have started using CKD (completely knocked down) routes to take the benefit of the government. With the above big guns like Apple and Oneplus putting their faith in the Indian manufacturing sector, the Indian manufacturing ecosystem is going to grow leaps and bounds.
The recent corporate rate cut to 15% has added to the manufacturing sector of India to boost sales, increase jobs and curb the slowdown in the economy. It is only logical for global companies to look at India and invest in India. There is no better time to invest in India. India looks forward to seeing motherboards and mobile printed circuit boards being manufactured in India that would certainly be a revolution in India.
