Stay updated with breaking news from Electronics Association. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As India doubles down on local manufacturing, Apple assembled iPhones worth more than Rs 1 lakh crore in India in 2023, according to industry data.Industry sources told IANS on Tuesday that out of Rs 1 lakh crore, Apple exported iPhones worth ...
New Delhi: As India doubles down on local manufacturing, Apple assembled iPhones worth more than Rs 1 lakh crore in India in 2023, according to industry
As India doubles down on local manufacturing, Apple assembled iPhones worth more than ₹1 lakh cr in India in 2023, according to industry data.
Exports of electronics goods has risen by 24 per cent from April to November as compared with the same period in the last fiscal, the largest increase out of India's top 10 export categories. The increase has been propelled by mobile exports under the Production Linked Incentive (PLI) scheme and has pushed electronics up from sixth to fifth position in the top 10. A gap of $200 million separates electronics from occupying the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.
Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday. This stupendous growth is co