India’s mobile phone exports surged past ₹25,000 crore in January 2025 and crossed ₹1,50,000 crore in FY 2024-25 compared to the total exports of ₹22,868 crore reported in FY 2020-21, said India Cellular and Electronics Association (ICEA) on Tuesday.
Production doubled
Attributing the performance to the Production Linked Incentive (PLI) scheme, ICEA said mobile phone production in India has doubled from ₹2,20,000 crore in FY23-24 to ₹4,22,000 crore. It estimated production to reach an estimated ₹5,10,000 crore in FY24-25, further cementing India’s emergence as a global manufacturing powerhouse.
Further, ICEA estimated mobile phone exports to exceed approximately ₹1,80,000 crore in FY24-25. This represents an approximate 40 per cent growth over the previous fiscal year, crossing ₹1,29,000 crore and an estimated over 680 per cent growth since the inception of the PLI scheme in FY 2020-21.
Pankaj Mohindroo, Chairman of ICEA, said, “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 our vision of becoming the largest exporter of smartphones globally.”
ICEA stated that smartphones could become India’s top export commodity for the first time this year, with the PLI scheme driving exports, and creating jobs.
Published on February 18, 2025