Mobile phone exports top Rs 2L crore mark in FY25

NEW DELHI: Led by Apple’s iPhone, India’s cellular phone exports crossed Rs 2 lakh crore mark in fiscal 2024-25, rising by a robust 54% over the earlier 12 months. The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union minister Ashwini Vaishnaw mentioned on Tuesday as he forecast a doubling of electronics exports over the following 5 years. “Smartphones are now among the top exported goods out of India,” Vaishnaw mentioned.
Apart from Apple, Samsung additionally exports smartphones out of India, and different firms embody Motorola. Chinese gamers corresponding to Vivo, Oppo, and Xiaomi – whereas being robust gamers inside India – are nonetheless to get large on exports. The minister mentioned that manufacturing of electronics elevated greater than 5 instances in the final decade whereas exports moved up greater than six instances.
Vaishnaw additionally introduced the rollout of the part scheme and pointers, which goal at giving an incentive of Rs 22,919 crore to broaden the electronics manufacturing ecosystem. The scheme is predicted to generate direct employment of round 1 lakh whereas boosting the worth addition in the completed merchandise. “We achieved value addition of about 20% and now aim to double this over the next five years.”
The minister mentioned that the ecosystem for electronics manufacturing, together with part manufacturing, elevated in line with the expansion in the trade. “More than 400 production units are there, small and big, which are manufacturing a variety of components.”
The govt goals to offer advantages beneath the Electronic Component Manufacturing Scheme for a interval of six years beginning April 1. “The electronic components supported under the scheme will go into consumer electronics, medical electronics, power electronics, automobiles, and practically in every technological product,” Vaishnaw mentioned. Companies can be required to make cumulative investments in the vary of Rs 10 crore to Rs 1,000 crore for turnover-linked incentive, and the motivation will vary from 1% to 10%.