The mobile market in India is flourishing because of massive increases in mobile subscribers, that are fueling more mobile handset production, says US research firm Gartner. The report adds that the subcontinent produced close to 31 million mobile phones in 2006, valued at around £2.5 billion.
India’s 2007 handset production is forecast to be the highest in the Asia-Pacific region at 68 per cent in terms of units and 65 per cent in terms of value, says Gartner. The research house expects mobile handset production to more than triple by 2011 to reach nearly 95 million.
India added 6.57 million mobile subscribers in May alone, up from 6.11 million new mobile subscribers in April this year. According to the Telecom Regulatory Authority of India (TRAI), the total number of mobile subscribers in the country is now 178 million.
Mobile-phone manufacturing was the largest contributor to the country's overall electronics production revenue last year, Gartner said.
The majority of companies that will benefit from the mobile market growth in India are the multinational handset makers who have set up manufacturing facilities in the country. These include Motorola, LG Electronics and Samsung.
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