Electronics maker Dixon Technologies (India) is expecting a near-50% increase in revenue for the current fiscal year, aided by growth in its mobile phone business, according to its Managing Director Atul Lall. Lall stated that the mobile phone business is the largest trigger of growth for Dixon Technologies. The estimated revenue for the full year ending in March is 180 billion rupees ($2.16 billion), with approximately 40%-50% coming from the manufacturing and assembling of mobile phones and their accessories. This estimated full-year revenue is higher than the previous year’s reported revenue of 122 billion rupees. Dixon Technologies, which started manufacturing colour televisions in India in 1994, now operates 23 manufacturing plants in the country and serves customers ranging from Samsung to Robert Bosch. The company’s growth is supported by the $155 billion Indian electronics market, which has seen major global manufacturers diversifying their supply chain from China. Additionally, the Indian government’s production-linked incentives to drive local production have also benefited companies like Dixon Technologies. Policymakers and electronics makers in India are now aiming to localize manufacturing of more components and raw materials, as many factories in the country currently only assemble smartphones and other imported gadgets in parts.