New Delhi: Under Apple’s iPhone, India’s mobile phone has crossed exports 2 lakh crore rupees In FY 2024-25, Mark is growing 54% compared to the previous year. The share of the iPhone in exports was Rs 1.5 lakh crore, Union Minister Ashwini Vaishnav said on Tuesday that he estimates double the electronics exports in the next five years. “The smartphones are now one of the top exported goods outside India,” said Vaishnav.
Apart from Apple, Samsung also exported smartphones outside India, and other companies include Motorola. Chinese players like Vivo, Oppo, and Xiaomi – while being a strong player within India – still have to grow up on exports. The minister said that the construction of electronics increased by more than five times in the last decade, while exports increased by more than six times.
Vaishnav also announced a rollout of the component plan and guidelines, which aims to encourage Rs 22,919 crore to wider. Electronics manufacturing Ecosystem. This scheme is expected to generate direct employment of about 1 lakh, promoting the price joint in the finished products. “We achieved an additional value of about 20% and now targeted to double it in the next five years.”
The minister said that the ecosystem for electronics construction, including component construction, increased to the industry. “There are over 400 production units, small and large, which are creating a variety of components.”
The aim of the government is to provide benefits under the Electronic component manufacturing scheme for a period of six years starting from April 1. “Electronic components supported under the scheme will go into consumer electronics, medical electronics, power electronics, automobiles and practically each technical product. Companies will need to invest cumulative investments in a range of Rs 10 crore to Rs 1,000 crore for turnover incentives, and the incentive will be from 1% to 10%.
