New Delhi, December 20 (IANS). India’s electronics exports have increased by 38 percent year-on-year to $31 billion in the April-November period of the current financial year. This information was given by the government.
The reason for the increase in electronics exports is the Production Linked Incentive (PLI) scheme, which has attracted global giants like Apple to shift their supply chains to India.
iPhone exports in the first eight months of the current financial year have been around $14 billion, which is more than 45 percent of the total electronics export value.
Last month, Apple’s exchange filing revealed that its Indian unit’s domestic sales have reached $9 billion in FY25 and every fifth iPhone out of the total iPhones made in FY25 was manufactured and assembled in India. India’s share in Apple’s global production value has increased to 12 percent.
According to government data, electronics production has increased from about Rs 1.9 lakh crore in 2014-15 to about Rs 11.3 lakh crore in 2024-25. Electronics exports have also increased from Rs 38,000 crore to more than Rs 3.27 lakh crore during the same period.
There were only two mobile phone manufacturing units in India in 2014-15, the number of which has now increased to around 300. Mobile phone production has increased from Rs 18,000 crore to Rs 5.45 lakh crore, while exports have increased from Rs 1,500 crore to nearly Rs 2 lakh crore.
Electronics Manufacturing Clusters (EMC 2.0) are located in 10 states of the country. An investment of Rs 1,46,846 crore is estimated in these projects and they are expected to generate approximately 1.80 lakh jobs.
Jitin Prasad, Minister of State in the Ministry of Electronics and Information Technology, told the Lok Sabha that so far 11 EMC projects and 2 Common Facility Center (CFC) projects have been approved. All these projects are spread over an area of 4,399.68 acres, with a total project cost of Rs 5,226.49 crore. Of this, Rs 2,492.74 crore is included as financial assistance from the Central Government.
–IANS
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