logo
India's Mobile Exports Jump From Rs 1,500 Cr To Rs 2 Lakh Cr In Decade: IT Minister

India's Mobile Exports Jump From Rs 1,500 Cr To Rs 2 Lakh Cr In Decade: IT Minister

India.com4 days ago
New Delhi: India's mobile phone exports have surged 127 times over the past decade, rising from Rs 1,500 crore to Rs 2 lakh crore, Union Minister of State for Electronics and Information Technology, Jitin Prasada, informed the Lok Sabha in a written reply on Wednesday. The minister attributed this unprecedented growth in mobile manufacturing to the Production-Linked Incentive (PLI) scheme.
Over the last ten years, mobile production in India has witnessed a 28-fold increase, growing from ₹18,000 crore to ₹5.45 lakh crore. Under the aegis of the National Policy on Electronics (NPE) 2019, the Ministry of Electronics and Information Technology (MeitY) had notified the Production Linked Incentive (PLI) Scheme for Large-Scale Electronics Manufacturing (LSEM) and the PLI Scheme for IT Hardware.
"The PLI Scheme for Large-Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India, particularly in transforming the country from a net importer to a net exporter of mobile phones. Bharat is now the second-largest mobile manufacturing country in the world," the minister stated in his written reply.
As of June 2025, the PLI Scheme for Large-Scale Electronics Manufacturing has attracted a cumulative investment of ₹12,390 crore, led to a cumulative production of ₹8,44,752 crore, exports worth ₹4,65,809 crore, and created 1,30,330 direct jobs.
Meanwhile, the PLI Scheme 2.0 for IT Hardware has attracted a cumulative investment of ₹717.13 crore, resulted in cumulative production worth ₹12,195.84 crore, and generated 5,056 direct jobs as of June 2025. Total Foreign Direct Investment (FDI) in the electronics manufacturing sector over the last five years (since 2020–21) stands at USD 4,071 million, of which USD 2,802 million has been contributed by MeitY PLI beneficiaries.
As part of its 'Atmanirbhar Bharat' and 'Make in India' initiatives, the government launched PLI schemes across several sectors in 2020 to make Indian manufacturers globally competitive, attract investments, boost exports, integrate India into the global supply chain, and reduce import dependency.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Officials: UPSIDA purifying waste water at treatment plants for reuse
Officials: UPSIDA purifying waste water at treatment plants for reuse

Indian Express

time14 minutes ago

  • Indian Express

Officials: UPSIDA purifying waste water at treatment plants for reuse

The Uttar Pradesh State Industrial Development Authority (UPSIDA), through sewage treatment plants (STPs), waste water treatment plants, and common effluent treatment plants, is purifying and reusing wastewater keeping in mind environmental protection and industrial efficiency, officials said. The Surajpur waste water treatment plant (Gautam Budh Nagar) is being upgraded to SBR technology with a capacity of 6 MLD at a cost of Rs 899 lakh, targeted for completion by June 2026. The EPIP Kasna waste water treatment plant (3.6 MLD) is being upgraded with SBR technology at a cost of Rs 678.59 lakh. The Loni STP in Ghaziabad, based on MBBR technology, is operating at full capacity (5 MLD). Meanwhile, the Loni common effluent treatment plant dedicated to dyeing and textile waste is set for a major upgrade—from 6 MLD to 16 MLD—with a Rs 42 crore DPR already prepared. UPSIDA is integrating solar energy solutions into water purification plants and industrial areas. Rooftop solar panels are being installed at plant sites, leading to a significant reduction in energy costs and carbon emissions.

Lokesh urges NRIs to be partner in AP's development
Lokesh urges NRIs to be partner in AP's development

Time of India

time28 minutes ago

  • Time of India

Lokesh urges NRIs to be partner in AP's development

1 2 Vijayawada: HRD and IT minister Nara Lokesh called upon the Singapore-based Telugu diaspora to promote investment opportunities in Andhra Pradesh. He described Non-Resident Indians (NRIs) as Most-Reliable Indians (MRIs) as their role in the development of the homeland is significant. Speaking at the Telugu diaspora meeting organised by APNRT in Singapore on Sunday, Minister Lokesh emphasised that foreign investments are crucial to India's economy. He said that India received a total of Rs 6.73 lakh crore in foreign direct investments during the 2024-25 fiscal year, with approximately Rs 1.24 lakh crore coming from Singapore. He said that this accounts for 19% of the total FDI. "The global trust in Chandrababu Naidu is our investment. CBN (Chandrababu Naidu) is our brand. Let's promote the opportunities in our state to attract investments," Lokesh urged. Lokesh lauded the Telugu community's influence abroad, stating that NRIs are India's brand ambassadors. He urged all NRIs to partner in the state's development. "If a significant portion of the investments come to Andhra Pradesh, our state will become another Singapore," said Lokesh. He also praised the Telugu people for their resilience and support during challenging times, including the recent Pahalgam attack where a state soldier was martyred. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60m2 prefabricated bungalow for the elderly in Esperanza Pre Fabricated Homes | Search Ads Search Now Undo Reflecting on the legacy of Lee Kuan Yew, Lokesh remarked, "One of my favourite and inspiring leaders is Lee Kuan Yew, who transformed a small fishing village into a global economic powerhouse during his 31 years as Prime Minister." He encouraged NRIs to leverage their expertise and invest in Andhra Pradesh's burgeoning sectors, highlighting the state's extensive coastline, infrastructure, and emerging Quantum Valley as key attractions. Lokesh outlined the state's commitment to creating 20 lakh jobs through new industrial policies and skill development programmes aimed at harnessing global opportunities. "We are implementing new industrial policies, taking Singapore as a role model for the speed of doing business. Our Andhra Pradesh state has immense resources," he added. The minister also announced the launch of APNRT 2.0, aimed at providing enhanced support to NRIs. He called for collective efforts to achieve a healthy, prosperous, and happy Andhra Pradesh, reinforcing the vision of a double-engine govt working under the leadership of Narendra Modi at the centre and Chandrababu Naidu in the state.

Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0
Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0

Time of India

timean hour ago

  • Time of India

Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0

LUCKNOW: In a major push towards ' Housing for All ', the Uttar Pradesh government has secured financial approval of Rs 12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0 to provide pucca houses to the urban poor, according to a statement released on Saturday. Chief Minister Yogi Adityanath has directed officials to ensure transparency and quality in construction, the statement said. Following this, geo-tagging and photographic documentation of each house will be mandatory under PMAY (Urban), enabling real-time monitoring at every stage of construction. All houses will also be equipped with disaster-resilient features to safeguard against earthquakes, floods, and other calamities, making safety an integral component of the scheme, it said. The cost of construction under the scheme is being shared between the Centre and the state government in a 60:40 ratio. Each eligible beneficiary will receive Rs 2.5 lakh in assistance to build a permanent (pucca) house. Launched on September 1, 2024, the PMAY (Urban) Mission 2.0 aims to ensure pucca houses for all families by the set deadline. The scheme is being closely monitored by officials at both the state and district levels to guarantee timely and quality construction. The initiative not only provides social security to the urban poor but also promotes integrated urban development across Uttar Pradesh, the statement added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store