Latest news with #JitinPrasada
NDTV
2 hours ago
- Business
- NDTV
India's Mobile Phone Exports Rise 127 Times To Rs 2 lakh Crore In 10 Years
New Delhi: Export of mobile phones from India increased by 127 times to reach Rs 2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India 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 said. Mr Prasada said the PLI Scheme 2.0 for IT hardware has attracted a cumulative investment of Rs 717.13 crore, led to a cumulative production of Rs 12,195.84 crore and generated additional employment of 5,056 (direct jobs) till June. "Total FDI in the field of electronics manufacturing in the last 5 years (i.e. since FY 2020-21) is USD 4,071 million, cumulative FDI of USD 2,802 million has been contributed by MeitY PLI beneficiaries," the minister said.
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Business Standard
10 hours ago
- Business
- Business Standard
Mobile phone exports soar to ₹2 trillion, up 127 times in 10 years: Govt
The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25 Press Trust of India New Delhi Export of mobile phones from India increased by 127 times to reach ₹2 trillion in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from₹ 1,500 crore in 2014-15 to₹ 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of ₹8,44,752 crore with exports of ₹4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India 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 said. Prasada said the PLI Scheme 2.0 for IT hardware has attracted a cumulative investment of ₹717.13 crore, led to a cumulative production of ₹12,195.84 crore and generated additional employment of 5,056 (direct jobs) till June. "Total FDI in the field of electronics manufacturing in the last 5 years (i.e. since FY 2020-21) is $4,071 million, cumulative FDI of $2,802 million has been contributed by MeitY PLI beneficiaries," the minister said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
10 hours ago
- Business
- Time of India
Govt issued 1,524 blocking directions for online betting, gambling platforms: MoS IT
Academy Empower your mind, elevate your skills The government issued 1,524 orders from 2022 till June 2025 to block online betting and gambling platforms , Parliament was informed on of state for electronics and IT, Jitin Prasada, said in a written reply to Lok Sabha that the policies of the Central Government are aimed at ensuring open, safe, trusted and accountable internet for its users."From 2022 till June 2025, the Government has issued 1,524 blocking directions related to online betting/gambling/gaming websites and mobile applications," he said the Directorate General of GST Intelligence Headquarters is empowered as an appropriate government agency under the Information Technology Act, 2000 (" IT Act ") and the IGST Act to direct intermediaries to block unregistered online money gaming platforms, including offshore online money gaming platforms, violating the IGST said that the suppliers of online money gaming are also being regulated under the Integrated Goods and Services Tax Act, 2017 (IGST Act)."Under the Seventh Schedule of the Constitution, 'Betting and gambling' is a State subject (entry 34 of the List II). Therefore, as per the provisions of article 246 read with article 162 of the Constitution, State Legislatures have the power to legislate on matters related to betting and gambling," Prasada minister said that the states and union territories are primarily responsible for the prevention, detection, investigation and prosecution of crimes, including action on illegal betting and gambling."The Central Government supplements the efforts of the States/Union Territories through advisories and financial assistance under various schemes for capacity building of their LEA," Prasada said.
News18
11 hours ago
- Business
- News18
Indias mobile phone exports rise 127 times to Rs 2 lakh cr in 10 years
New Delhi, Jul 23 (PTI) Export of mobile phones from India increased by 127 times to reach Rs 2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones 'increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. 'The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. 'PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India 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 said. Prasada said the PLI Scheme 2.0 for IT hardware has attracted a cumulative investment of Rs 717.13 crore, led to a cumulative production of Rs 12,195.84 crore and generated additional employment of 5,056 (direct jobs) till June. 'Total FDI in the field of electronics manufacturing in the last 5 years (i.e. since FY 2020-21) is USD 4,071 million, cumulative FDI of USD 2,802 million has been contributed by MeitY PLI beneficiaries," the minister said. PTI PRS HVA view comments First Published: July 23, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
12 hours ago
- Business
- Hans India
India's IT ecosystem employs over 6 million people: Govt
New Delhi: India has a strong information technology ecosystem which generates annual revenues of more than $250 billion and provides employment to more than 6 million people, the Parliament was informed on Wednesday. Global rankings such as Stanford AI rankings place India among the top countries in AI skills, capabilities, and policies to use AI. India is also the second-largest contributor to GitHub AI projects, showcasing its vibrant developer community, Minister of State for Electronics and IT Jitin Prasada said in a written reply in Lok Sabha. He pointed out that India's AI strategy is based on Prime Minister Narendra Modi's vision to democratise the use of technology. It aims to address India-centric challenges, create economic and employment opportunities for all Indians. India's AI strategy aims to position India as a global leader in artificial intelligence. The government launched the IndiaAI mission in March 2024. It is a strategic initiative to establish a robust and inclusive AI ecosystem aligned with India's development goals. The minister highlighted the seven-pillar strategy that the government is implementing under the IndiaAI Mission, which includes IndiaAI Compute Capacity aimed at providing high-end compute power (GPUs) to all, including MSMEs and startups, at an affordable cost. IndiaAI Foundation Models project has also been launched to develop India's Large Multimodal Models (LMMs) trained on Indian datasets and languages. This is to ensure sovereign capability and global competitiveness in generative AI. To develop large datasets for training AI models, AIKosh has been developed as a unified data platform integrating datasets from government and non-government sources. IndiaAI Application Development Initiative has also been launched to develop AI applications for India-specific challenges in sectors such as climate change and disaster management, healthcare, agriculture, governance, and assistive technologies for learning disabilities. IndiaAIFutureSkills project has been rolled out to develop AI-skilled professionals in India by increasing the number of graduates, post-graduates and PhDs in the AI domain. It also envisions setting up Data and AI Labs in Tier 2 and Tier 3 cities across India. IndiaAI Startup Financing has been set up to provide financial assistance to AI start-ups. Besides, the Government is laying emphasis on safe and trusted AI to balance innovation with strong governance frameworks to ensure responsible AI adoption, the minister added.
