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HomeBusinessMobile Exports from India to Reach Rs.1 lakh cr for 2023

Mobile Exports from India to Reach Rs.1 lakh cr for 2023

15 April 2023: Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology has recently said that Indian Govt. is taking all measures that are required for boosting the electronics manufacturing ecosystem in India. PM Narendra Modi’s vision for 2023 is to have mobile phone exports with the segment featuring in top 10 export category from India Rajeev Chandrasekhar further said.

Mobile phone exports from India was around Rs.45,000 crore which was dominated by Apple and Samsung. As per a study by Electronic Industries Association of India (ELCINA), the demand for components in 2020-21 was USD32 billion (about Rs.2.65 lakh crore) for about a USD70 billion (Rs.5.8 lakh crore) industry and of this, barely USD10 billion (Rs.82,000 crore) was manufactured locally, and that too with a majority of imported raw materials.

“We are going to complement our mobile phone successes by broadening and deepening the ecosystem. The deepening strategy has been there in semiconductor space. It is very clear we want to do more in our component industry. In the broadening, while we are growing in mobile phone space, we want to do well in IT server and hardware space, wearable and hearable space.” he said.

With growth in data driven by 5G and high speed broadband, demand for data centres and in-turn servers are also on the rise.

Under the PLI scheme for IT Hardware, the government had selected 14 companies for manufacturing IT hardwares which include Dell, Rising Stars, Flextronics Technologies, Lava International, Dixon Technologies etc. The scheme has provision to provide an incentive of up to Rs.7,325 crore which is linked to incremental investment and sales of locally manufactured goods.

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