New Delhi, 8 April (IANS). India has exported smartphones worth more than two lakh crore rupees in FY 2024-25. This is the first time the country has crossed this figure. This information was given by Union Electronics and IT Minister Ashwini Vaishnav on Tuesday.
While sharing the update on the social media platform X, Vaishnav said that this is a very big achievement for production linked incentive (PLI).
The Union Minister said that smartphone exports have increased by 54 percent as compared to the previous financial year as Global Value Chain (GVC) is integrated into the Indian economy.
Vaishnav wrote on X, “Increased exports leading to large -scale employment opportunities, becoming part of Indian MSME global supply networks and local electronics manufacturing ecosystem is growing rapidly.”
According to the industry data earlier, India’s smartphone exports crossed Rs 1.75 lakh crore in just 11 months (April to February) of FY 25.
The PLI scheme has an important role in increasing the country’s electronics industry. Currently, not only electronics exports of the country are increasing, but 99 percent of the phones used in the country are ‘Made in India’.
Apple is the biggest contributor to India’s export hike and about 70 percent of the iPhone’s total exports. The Foxconn plant in Tamil Nadu alone contributed about 50 percent to the shipment.
According to reports, veteran technology company Apple is planning to export more iPhones from India to the US.
The reason for this is believed to be the recent recipe -crocodile tariff by US President Donald Trump.
The American technology giant company is considering the move as a temporary solution to reduce the increasing cost of imports of products from China.
This step has been taken at a time when the US government has recently imposed 34 percent tariff on sugar imports, which is in addition to 20 percent tariffs declared earlier.
-IANS
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