AatmaNirbhar Bharat: Total Value of Mobile Phone Exports Set to Cross Rs 43,500 crore This Fiscal
Sunday, May 29, 2022
  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • Subscribe
Home Bharat

AatmaNirbhar Bharat: Total Value of Mobile Phone Exports Set to Cross Rs 43,500 crore This Fiscal

WEB DESK by WEB DESK
Mar 28, 2022, 02:45 am IST
in Bharat, Delhi, Business
This unprecedented success has been achieved in the backdrop of multiple Covid-19 waves and lockdowns

This unprecedented success has been achieved in the backdrop of multiple Covid-19 waves and lockdowns

Share on FacebookShare on TwitterTelegramEmail

As a result of the Union government’s production-linked incentive (PLI) scheme, electronics exports from the country are expected to increase from $10.6 billion in FY21 to around $15 billion in the current fiscal year.

 

Since 2014, the Union government has taken multiple steps to promote manufacturing in the country and ensure Bharat moves towards Aatmanirbharata. The schemes are bearing fruit.

In its latest report, India Cellular & Electronics Association (ICEA) said that the country's total value of exports of mobile phones is expected to cross Rs 43,500 crores during the current financial year ending March 31, 2022. It is a jump of 75 per cent over the 2020-21 period.

The total value of mobile phones exported from the country in 2020-21 was Rs 24,000 crores.

“We will very safely cross USD 5.7 billion of exports when we complete this financial year,” PTI quoted ICEA chairman Pankaj Mohindroo.

He further said, “The unprecedented increase in smartphone exports is a tribute to government-industry partnership under the most trying circumstances. Government led with its vision and trust in the mobile industry. The industry, in turn, has redefined Aatmanirbhar Bharat as Make in India for the World. We are just getting started.”

Earlier, the bulk of mobile phone export was limited to South Asia and Africa. But now, the phones manufactured in Bharat are being exported to markets in Europe and developed Asia, signifying massive improvement in the production quality.

Explaining the importance of this shift, the ICEA said, “These markets demand the highest levels of quality, and manufacturing units located in India are up to the task.”

This unprecedented success has been achieved in the backdrop of multiple Covid-19 waves and lockdowns. The global supply chain had almost come to a halt owing to the global pandemic.

“After an uncertain start in 2020, owing to multiple Covid waves, the industry stabilized operations in 2021 and has delivered results that exceed expectations. Increase in mobile phone exports also marks an important shift in the export basket which is gradually transforming from primary commodities to more value-added, high-end products driven by technology industries,” the ICEA said.

Launching the scheme in April 2020, the Union government said, “… (PLI scheme) offers a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing, Marking and Packaging (ATMP) units. The Scheme would tremendously boost the electronics manufacturing landscape and establish India at the global level in electronics sector.”

Buoyed by the success of the first phase, the Union government had extended the scheme in 2021. Five global companies: Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron, had participated in the phone PLI scheme.

 

ShareTweetSendShareSend
Previous News

In an extraordinary gesture, four Sri Lankan ministers receive EAM Jaishankar at the airport

Next News

Nepal PM Sher Bahadur Deuba, spouse to visit India

Related News

Indian Railways’ engineering marvel, New Pamban Bridge, to be ready in a year

Indian Railways’ engineering marvel, New Pamban Bridge, to be ready in a year

India’s daily cases fall below 3,000-mark, logs in 2,568 new COVID-19 infections

India reports 2,828 new COVID-19 cases, 14 deaths in last 24 hours

Systematic Uyghur genocide depicts human rights abuses against ethnic minorities in China: Report

Chinese Minister says China’s human rights protection will be aligned to national ‘conditions’

HUGE Security layer deployed as PM Modi & Amit Shah to attend GT vs RR IPL Final

HUGE Security layer deployed as PM Modi & Amit Shah to attend GT vs RR IPL Final

Kerala govt hand in glove with terrorist groups: MoS V Muraleedharan on PFI sloganeering

PM Modi lauds success of cooperatives in Gujarat, says self-reliance solution to many difficulties faced by the country

PM Modi lauds success of cooperatives in Gujarat, says self-reliance solution to many difficulties faced by the country

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Indian Railways’ engineering marvel, New Pamban Bridge, to be ready in a year

Indian Railways’ engineering marvel, New Pamban Bridge, to be ready in a year

India’s daily cases fall below 3,000-mark, logs in 2,568 new COVID-19 infections

India reports 2,828 new COVID-19 cases, 14 deaths in last 24 hours

Systematic Uyghur genocide depicts human rights abuses against ethnic minorities in China: Report

Chinese Minister says China’s human rights protection will be aligned to national ‘conditions’

HUGE Security layer deployed as PM Modi & Amit Shah to attend GT vs RR IPL Final

HUGE Security layer deployed as PM Modi & Amit Shah to attend GT vs RR IPL Final

Kerala govt hand in glove with terrorist groups: MoS V Muraleedharan on PFI sloganeering

PM Modi lauds success of cooperatives in Gujarat, says self-reliance solution to many difficulties faced by the country

PM Modi lauds success of cooperatives in Gujarat, says self-reliance solution to many difficulties faced by the country

US slams China for ‘restricting, manipulating’ UN human rights chief’s visit

US slams China for ‘restricting, manipulating’ UN human rights chief’s visit

PM Modi invites citizens to share ‘inspiring life journeys’ for the upcoming episode of ‘Mann ki Baat’

PM Modi to address 89th edition of Mann Ki Baat today

‘Religious places of Hindus which are in possession of Muslims should be happily handed over to Hindus’: Mahatma Gandhi

‘Religious places of Hindus which are in possession of Muslims should be happily handed over to Hindus’: Mahatma Gandhi

‘Better connectivity’ will have better results when done with right imagination, says Dr Jaishankar

‘Better connectivity’ will have better results when done with right imagination, says Dr Jaishankar

  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • About Us
  • Advertise
  • Circulation
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies