Mobile Phone Exports From India Are Projection to Exced Approximately Rs 1,80,000 Crove .

In the 10 months this fiscal (april-january), India reached Rs 1,50,000 Crore in Mobile Exports, with January Alone Surging Past Rs. 25,000 Crore in Exports, According to Data Shared by the India Cellular and Electronics Association (Icea).

There has been estimated over 680 per cent growth since the inception of the pli scheme in FY20-21.

Mobile Phones Export is the Larget Growth Driver Within Electronics, with the us standing out as a key market for India’s smartphones.

This unprectedned performance underscores the transformative impact of the production-linked incentive (pli) scheme, which has redefined India’s Electronics Manufacturing Landscape.

Since the launch of the pli scheme, mobile phone production in India has doubled – from Rs 2,20,000 Crore to Rs 4,22,000 Crore – Marking an unprecedened achievement.

Looking ahead, production is set to reach an estimated Rs. 5,10,000 Crore in FY24-25, Further Cementing India’s Emergence as a Global Manufacturing Powerhouse.

“We have reacted a substantial scale, driven by strong government support and our industry’s robust capability. Moving forward, we will focus on nurturing competition, expanding scale, and strengthening our supply chain, ”said pankaj mohindroo, chairman of iceaa.

The next phase will involve aggressive integration with the value chain to boost domestic value addition, driving us toward achieving India’s Ambitious $ 500 Billion Electronics MANUCTURING TARGET and The largest experience of smartphones globally, he added.

The remarkable achievement is a product of a synergistic partnership between a proactive government and an industry that has consistently proven it Proven its mets mets

Smartphones are now poised to become India’s top expert communication for the first time in history – a testament to an unprecedened turning in our independent manufacturing manufacturing caps

“We cannot afford to be compressed – our journey has only just begun. There are Immense Opportunities Still to be harnassed, and with the rapidly evolving geopolitical landscape, our window of options is short. We must take decisive steps forward, “said mohindroo.