NEW DELHI: Led by document manufacturing of iPhones, India’s cell phone exports surged almost 50% within the first 10 months of this monetary yr with the worth of shipments estimated at Rs 1.5 lakh crore throughout April-Jan, in contrast with Rs 1 lakh crore in similar interval final yr.
The surge has been primarily led by a powerful push by Apple, which has made its India factories the corporate’s world manufacturing hubs, parallel to its set-ups in China. It is estimated that iPhone exports throughout April-Jan had been near Rs 1 lakh crore, in opposition to Rs 60,000 crore in the identical interval final yr.
Samsung is comparatively smaller with exports estimated at Rs 34,500 crore to date in 2024-25.
Industry physique India Cellular and Electronics Association (ICEA) mentioned with the institution of a powerful manufacturing base within the nation, exports are anticipated to shut the yr at Rs 1.8 lakh crore, as in opposition to Rs 1.3 lakh crore within the earlier fiscal.
“This represents approximately 40% growth over the previous fiscal year… and an estimated over 680% growth since production-linked incentive (PLI) for smartphones was announced in FY21. Mobile phone export is the largest growth driver within electronics, with the US standing out as a key market,” ICEA chairman Pankaj Mohindroo mentioned.
The newest numbers launched by the commerce division confirmed that in Jan, electronics items had overtaken oil merchandise because the second largest merchandise in India’s export basket. The PLI scheme has not solely helped increase exports from India however has additionally resulted in a discount in imports as almost 99% of the home demand can also be catered to by the native manufacturing. . “Looking ahead, production is set to reach an estimated Rs 5.1 lakh crore, further cementing India’s emergence as a global manufacturing powerhouse.”
Mohindroo mentioned the dimensions has been constructed on the again of govt incentive schemes and fast investments made by trade. “Moving forward, we will focus on nurturing competitiveness, expanding scale, and strengthening our supply chain. The next phase will involve aggressive integration with the value chain to boost domestic value addition, driving us toward achieving India’s ambitious $500 billion electronics manufacturing target and becoming the largest exporter of smartphones globally.”
While China continues to be the dominant provider to the iPhone maker globally, India has been developing strongly over the previous few years as firms comparable to Foxconn and now Tata group have been ramping up manufacturing.
Govt believes that with Apple now planning to broaden past iPhones, there is usually a additional increase to India’s electronics exports. The firm, which at the moment has no plans to make the MacBook laptops right here, is beginning manufacturing of AirPods within the nation.
