Indian handset market records over 350 million shipments in 2017: ASSOCHAM-KPMG study

According to the ASSOCHAM-KPMG joint study or studies may refer to, Indian handset market recorded over 350 million shipments transport is the physical process of transporting commodities and merchandise goods and cargo in the year 2017 as compared to 280 million in 2016, a surge in revenue accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers from Rs 111,000 crores crore (; abbreviated cr) or koti denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in Hindi and Urdu, and is written in the Indian numbering system as in 2015 to Rs 135,000 crore in 2016.

Indian handset market records over 350 million shipments in 2017

The study says, smartphones have also gained immense popularity in India in the last four years and constituted 43 percent of the total handset shipments in 2016.

Indian handset exports flourished from 2008 to 2012 going up to Rs 12,000 crores but were interrupted by a decline of almost 30 per cent in two subsequent years. Accompanied by a parallel fall in handset handset is a component of a telephone that a user holds to the ear and mouth to receive audio through the receiver and speak to the remote party via the built-in transmitter manufacturing, a downfall of handset manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation industry became a major area of concern for the government government is the system to govern a state or community, noted the study.

Further, ‘Make in India’, ‘Skill India officially the Republic of India (Bhārat Gaṇarājya), is a country in South Asia‘, and other initiatives taken by the government played a pivotal role to achieve an 85 per cent may refer to growth in handset manufacturing recorded in the year 2015-16 (Rs 54,000 crores) over the previous year, which in 2016-17 grew to Rs 90,000 crores.

The industry is of the view that the government may increase the MEIS incentive incentive is something that motivates an individual to perform an action and introduce new incentives such as freight equalization subsidy and enhance duty draw back to 3 percent to attract more players, a study said.

Other countries such as Vietnam and China, offer significant incentives by way of direct tax holidays which provide a very cost effective platform for handset manufacturers to set up production facilities.

Vietnam officially the Socialist Republic of Vietnam (Vietnamese: Cộng hòa xã hội chủ nghĩa Việt Nam ( listen)), is the easternmost country on the Indochina Peninsula in Southeast Asia provides tax exemptions to players for the first four years of revenue generation and levies only 10 per cent for the next 11 years year is the orbital period of the Earth moving in its orbit around the Sun, which may be extended to 26 years on approval of the Vietnamese Prime Minister.

These initiatives by governments of other countries country is a region that is identified as a distinct national entity in political geography make those countries favorable for market players commonly refers to to undertake to manufacture, raising their global competitiveness, highlighted the study.

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