India is set to solidify its ties with neighbor China in mobile handset manufacturing, as per the views of Indian Cellular Association (ICA).
A team of ICA delegates led by Pankaj Mohindroo, national president, ICA, is accompanying Prime Minister Narendra Modi to China on his three-day visit in the country. ICA thinks that PM’s visit will set the stage for a new era in the Indo-china trade and business ties.
The meeting is expected to boost manufacturing of mobile handsets, its parts, components and accessories in India, said Mohindroo, who is also appointed by the Government as the Chairman – Fast Track Task Force set up by the Government of India to catalyze and re-establish Mobile handset manufacturing eco-system in India by 2019.
The delegation, which also comprises Hari Om Rai, CMD – Lava International (also the co-chairman of Fast Track Task Force) and Sudhir Hasija, Chairman – UTL & Karbonn (Member of the Fast Track Task Force), will interact with CEOs of major Chinese OEM brands, Chinese component manufacturers, local industry bodies and Chinese Government.
The delegation would also discuss the growing opportunities in the Indian mobile handset segment, explore business opportunities with the Chinese counterparts as well as further business engagements between the two countries.
The ICA delegation is also expected to address various business and investment forum meetings which are currently under the process of being finalized in China and a number of MoUs are expected to be signed, said Mohindroo.
In 2014-15, India imported close to 85 percent of its total domestic demand for mobile handsets through imports by volume and China based imports constituted 80 percent – 85 percent of the total imports and the rest being imported from Vietnam.
With huge potential in Indian mobile devices segment, the new ties with Chinese manufacturers will benefit ecosystem partners in both countries, while also helping the BJP-led government to pursue its Make in India ambition in the highly lucrative segment.