New Delhi:
India’s smartphone exports in January increased by 140 percent compared to the same period last year. According to Industrial Estime, exports have earned a record of Rs 25,000 crore ($ 3 billion) and one important reason for this is top technology companies like Apple and Samsung This was to increase shipment abroad with its supply chain.
With this, the total export of smartphones for the 10-month period of April-January of the current financial year has increased to Rs 1.55 lakh crore, which is 56 percent more than the figure of Rs 99,120 crore for the same period last financial year.
Apple iPhone Supply Chen contributes about 70% to exports
Tamil Nadu -based Foxconn -based Apple iPhone Supply Chen contributed about 70 percent to exports, increasing foreign shipments up to 50 per cent. Exports from the Thaki Factory recorded an increase of 43 per cent as compared to the same period of the previous financial year in exports. Regards 22 percent of exports came from iPhone seller Tata Electronics, which has acquired the Vistron smartphone construction factory in Karnataka.
Another 12 percent of the exported consignments came from Patron Facility in Tamil Nadu, in which Tata Electronics won a 60 percent stake in the end of January. With the acquisition of two Taiwanese companies, the Tata group has emerged as a major producer of iPhones in the country.
Samsung contributes about 20% to total smartphone exports from India
South Korean tech giant Samsung contributed about 20 percent to the total smartphone exports from India.
India’s electronics goods exports under the leadership of smartphones have accelerated due to the government’s production linked incentive (PLI) scheme in recent years, which wants to set up alternative supply chains outside China after the Communist country’s US sanctions. Has achieved success in attracting foreign tech veterans.
Smartphone exports expected to reach $ 20 billion during 2024-25
Electronics and Information Technology Minister Ashwini Vaishnav has said that she hopes that during 2024-25, smartphone exports will reach $ 20 billion (Rs 1.68 lakh crore).
More than 1.37 lakh direct employment, export promoted from PLI
According to the information introduced in Parliament, the production linked scheme (PLI) for electronics manufacturing has been successful in bringing a cumulative investment of Rs 10,213 crore by December 2024, which has created more than 1.37 lakh direct employment opportunities and the country Exports have been promoted.
A cumulative production of Rs 6,62,247 crore has been achieved under the Special Incentive Scheme. Union Minister of State for Electronics and IT Jitin Prasad recently told Parliament, “Due to government policies to promote electronics manufacturing, India 2014 due to government policies to promote electronics manufacturing. In -15, mobile phone has now become exporter from mobile importing countries. “
PLI scheme effect
Under the PLI scheme, the production of mobile phones has increased from about 60 million mobile phones in 2014-15 to about 330 million mobile phones in 2023-24. It has increased the number of mobile phones in the last 10 years more than five times the increase in the last 10 years. .
The production of mobile phones has increased from just Rs 19,000 crore to Rs 4,22,000 crore in 2023-24, which is increasing from the annual growth rate (CAGR) of 41 percent. Since the introduction of the PLI scheme for large-scale electronics manufacturing, mobile phone exports have increased from Rs 22,868 crore to Rs 1,29,074 crore in 2023-24 in 2020-21 to Rs 1,29,074 crore in 2023-24, which is increasing from 78 percent of CAGR.
Apart from this, where 74 percent of all mobile phones sold in India were imported in 2015, now India has reached the point where 99.2 percent of mobile handsets being used in India are made in the country itself.