New Delhi: Indian mobile phone exports, led by record-breaking production of iPhones, have skyrocketed nearly 50% in the first 10 months of this fiscal year, with shipments estimated at Rs 1.5 rupees during April 1. Value was the same period last year compared to Rs 1 lakh crore of 1 rupees.
Surges are primarily led by a strong push by Apple, and the Indian factory has become the company’s global manufacturing hub alongside the Chinese setup. iPhone exports during April January are estimated to be close to Rs 1, compared to Rs 60,000 in the same period last year.
Samsung is relatively small, with exports estimated at Rs 34,500 so far in 2024-25.
The Industry Body India Cellular and Electronics Association (ICEA) is expected to end the year at Rs 1.8, 1.8, against Rs 1.3, croiss in the previous fiscal year, with the establishment of a strong manufacturing base in the country. It’s there.
“This represents about 40% growth in the previous year…and has announced growth of over 680% since the announcement of Smartphone Production-Related Incentives (PLI) at FY21. ICEA Chairman Pankaj Mohindroo, ICEA Chairman, Pankaj Mohindroo said.
The latest figures released by the Commerce Department showed that in January electronic products overtake petroleum products as the second largest item in India’s export basket. The PLI scheme not only helped to promote exports from India, but also led to a decline in imports as nearly 99% of domestic demand also helped local production. . “With a look ahead, production is expected to reach an estimated Rs 5.1 crore, further solidifying the emergence of India as a global manufacturing powerhouse.”
Mohindroo said the size is built behind government incentive schemes and rapid investments by the industry. “We will focus on developing competitiveness, expanding scale and strengthening our supply chain. In the next stage, we will be focusing on developing competitiveness, expanding scale and strengthening our supply chain. In our next phase, we will be able to promote the addition of domestic value, and India’s ambitious 5,000 yen. “Achieving the billion-dollar electronics manufacturing target and being the largest global smartphone exporter.”
China continues to be the dominant supplier of iPhone manufacturers worldwide, but India has been a strong presence over the past few years as companies like Foxconn and the current Tata Group are increasing production.
Govt believes that it could further boost exports of Indian electronics as Apple plans to expand beyond the iPhone. The company, which currently has no plans to create a MacBook laptop here, is now beginning production of AirPods in the country.
