India has sent smartphones worth 16 thousand crores abroad in just 2 months this year. This figure is much higher than last year. By March 2023, these figures are expected to increase further.
Record breaking! India sent phones worth 16 thousand crores abroad in 2 months, Samsung-Apple beat
In the first 2 months of this year, India has exported mobile phones worth about 16 thousand crores ($ 2 billion). Samsung and Apple mobile phones have won in this. Only samsung and apple Its total contribution is 90%. Last year in April 2022, the total export was 9 billion dollars. Which has crossed this time. It is a great achievement for India that ‘Made in India’ phones are now being exported in such large quantities to foreign countries.
According to data from the India Cellular and Electronics Association (ICEA), smartphone exports have doubled from April 2022 to February 2023. At the same time, before the end of March 31 this year, it is expected to almost double from $ 5.8 billion as compared to last year. According to statistics, Made in India smartphones are exporting about $ 1 billion every month from September 2022.
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Apple-Samsung won the game
Apple is the first company, which has exported 55% of smartphones from India in the last 2 months. At the same time, Samsung has exported about 35% of smartphones. Apple and Samsung are the major companies exporting mobile phones from India.
Here are the facilities of manufactures
Apple’s contract manufacturers Foxconn and Pegatron both have manufacturing facilities in Tamil Nadu. Whereas, Wistron is in Karnataka. He has helped in furthering the government’s Smartphone Production Linked Incentive (PLI) scheme. This scheme of the government was launched in April 2020. According to ET’s report, in November last year, Apple overtook Samsung and became the largest smartphone exporter from India.
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Along with smartphones, parts of smartphones made in India are also being sent to many countries including United Kingdom UK, Netherlands, Austria, Italy. According to ICEA data, the export figures of smartphones can increase by 24% this year.
There is more focus on export
According to the Economic Times report, the India Cellular and Electronics Association (ICEA) has told them that mobile exports are the focus of the government’s visionary PLI schemes. The government is trying to reduce the input tariff to increase the export of smartphones made in India. We are demanding the government to bring a similar scheme for components, hearables and wearables as well.
Source: www.tv9hindi.com
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