Mobile phone manufacturing in value terms jumped 21-fold to ₹4.1 lakh crore in India in the last 10 years as government policy measures like the PLI scheme played a critical role in attracting global players to boost local production, industry body India Cellular and Electronics Association (ICEA) said in a statement.
India now produces 97% of its total mobile phone demand locally and 30% of the total production in the financial year 2024 is meant for export, it said.
"Mobile phone production surged from ₹18,900 crore in 2014-15 to an estimated ₹4,10,000 crore in FY24, registering an increase of 2,000%. In 2014-15, mobile phone exports from India were a mere ₹1,556 crore. The industry expects to end FY24 with an estimated export ₹Rs 1,20,000 crore. This would mean a 7,500% increase in exports over a decade," ICEA said.
