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The India Cellular and Electronics Association (ICEA) stated that mobile phone manufacturing in India has seen a significant surge in value terms, increasing 21-fold to Rs 4
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.
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
Interim Budget: India's manufacturing sector is being reinvented to achieve the country's ambition of becoming a $10 trillion economy. The Production Linked Incentives (PLI) scheme has played a strategic role in elevating India's manufacturing capabilities and attracting global companies. The scheme has already shown success in sectors like electronics, pharmaceuticals, and telecom. To further drive innovation, the government should extend PLI benefits to R&D investments. A dedicated PLI scheme for the chemicals sector could boost its growth and position India as a global hub. Additionally...