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Mobile exports from India may cross $10 bn in FY23

Updated: Mar 23, 2023 04:39:17pm
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Mobile exports from India may cross $10 bn in FY23

New Delhi, Mar 23 (KNN) As we move towards the end of this fiscal year, India is expected to touch USD 10 billion worth of smartphone exports. 

Apple’s ‘Make in India’ smartphone are leading with 50 per cent of total exports, as per the India Cellular and Electronics Association (ICEA).

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Second in the list is Samsung with 40 per cent mobile exports.

While other smartphone players constitute 10 per cent export share.

With the help of production-linked incentive (PLI) schemes smartphone exports from India have doubled from a corresponding period from last fiscal year.

The top five global destinations India currently exports mobile phones to are the UAE, the US, the Netherlands, the UK and Italy, according to the ICEA data.

Pankaj Mohindroo, Chairman of ICEA told IANS that efficacy and maturity of an industry is only judged with robust exports. 

“Mobile phones policy and outreach initiatives have been relentless and the results are in front of us,” he added. 

"The mobile phone industry will cross USD 40 billion manufacturing output and 25 per cent exports at USD 10 billion is a stellar performance," he said.   (KNN Bureau)

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