The India Cellular and Electronics Association (ICEA) said that the mobile phone exports from India have reached Rs 90,000 crore in FY23.
ICEA pointed out that the mobile phone exports now account for 46 per cent of the overall electronic goods exports from the country.
“With the doubling of exports of smartphones to more than USD 11 billion, India is well on its way to become a leader in the mobile device market of the world and play a major role in electronics exports,” Union minister Ashwini Vaishnaw said.
As per reports, the exports was led by strong performance of Apple and Samsung, which got a boost from the production-linked incentive (PLI) scheme for mobile phones.
The total exports of electronic goods in FY23 increased 58 per cent YoY to estimated Rs 1.85 trillion from Rs 1.17 trillion in FY22.
Pankaj Mohindroo, chairman, ICEA said, “No economy or sector in the economy can become a great and vibrant global economy without large exports. The mobile phone export juggernaut continues.”
“The outstanding performance of the PLI for mobile phones serves as an inspiration for other electronic segments to emulate this success in increasing manufacturing and exports,” Mohindroo added.
