India expected to export worth $9 Bn mobile phones in FY23
By MYBRANDBOOK
India will likely export mobile phones worth $9 billion in the current financial year, a jump from $5.8 billion in FY22. The major push in phone manufacturing has been provided by Samsung and Apple, which together account for half of the phones manufactured in India.
According to industry body India Cellular and Electronics Association (ICEA) data, total electronics manufacturing in India will rise to $300 billion by FY26. From $87 billion in FY22, the total manufacturing of electronics will be at $100 billion.
Rajeev Chandrasekhar, Minister of state for electronics and IT, said, “Early on in 2021, we sat with the industry and worked out this $300 billion roadmap...One of the key things of the target was significantly expanding exports to go from the current $18-20 billion to $120 billion by FY26. This fiscal, mobile phone exports are expected to reach $9 billion.”
Out of the total, phone exports have already crossed the $5 billion mark, nearly twice more than last year’s $2.2 billion. In 2020, the government had launched the Rs 41,000 crore Production-linked Incentive (PLI) scheme for smartphone manufacturing.
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
JUVAS SOLUTIONS PVT. LTD.
RAMCO SYSTEMS Ltd.
POLYCAB INDIA PVT. LTD.
TVS ELECTRONICS LTD.
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...