New Delhi [India], February 4 : India has been going big on electronic manufacturing for the last few years and in December 2022, Apple became the first company from the country to export smartphones worth USD 1 billion in a month.
Prime Minister Narendra Modi’s vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said, as reported by The Mint.
“PM Narendra Modi ji’s vision for 2023 is mobile phone exports worth Rs 1 lakh crore, with mobile phones featuring in the Top 10 exported category,” Chandrasekhar said.
Mobile phone exports from India were around Rs 45,000 crore which was dominated by Apple and Samsung.
The Minister said that the government is working to broaden the electronic manufacturing ecosystem beyond mobile phones to increase global share in hearables and wearables segment, IT hardware, electronic components, etc.
While the Minister did not elaborate on the specific measures, official sources have shared that the government has plans to come up with a production-linked incentive (PLI) scheme for hearables, wearables as well as an upgraded PLI scheme for IT hardware and electronics components to boost their local production.
Electronics is one of the fastest-developing industries globally. Electronic products have significantly impacted and shaped the lifestyle of the people of India in the digital world. The digital push stimulated by the Covid-19 pandemic is expected to fuel the demand for electronic devices worldwide.(ANI)
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