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Over the past decade, mobile phone manufacturing in India has seen a remarkable 21-fold increase to reach Rs 4.1 lakh crore, driven by government policies like the Production Linked Incentive (PLI) scheme. This surge has enabled India to fulfill 97% of its mobile phone demand domestically, with 30% of production targeted for export in FY'24, amounting to an estimated Rs 1.2 lakh crore.
India, which is now the fifth largest export nation for mobile phones as an individual commodity, would have faced a hefty import bill of more than Rs 14.3 lakh crore, had it not achieved self-sufficiency in the last 10 years.Since 2014, the ...
This exponential growth in production, exports and self-sufficiency stems from a conducive policy environment and a close working relationship between industry and key government ministries.
The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector.While 78 per cent of all the mobile phones sold in the country in 2014 were imported, about 97 per cent of ...
New Delhi, March 10 (IANS) The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing