iPhone 16 smartphones India’s mobile phone exports are ringing in massive gains, having surpassed the Rs 25,000 crore mark in January this year. The cumulative export for the fiscal FY25 is projected to reach Rs 1.80 lakh crore, which is a 40% on-year rise and an astonishing 680% growth since the introduction of the Production Linked Incentive (PLI) scheme in FY21. According to ICEA Chairman Pankaj Mohindroo, smartphones are poised to become India”s top export commodity for the first time ever. The growth has been a result of strong government-industry partnership, with India’s smartphone manufacturers consistently delivering globally-competitive products, said industry representatives. ICEA has cautioned against complacency, emphasizing on the need for decisive action in current geopolitical landscape. “The opportunities ahead are immense, but the window is short — we must act swiftly,” ICEA chairman Pankj MohINDroo said. The next phase will focus on enhancing competitiveness, expanding production, and strengthening the supply chain to drive India toward its ambitious $500 billion electronics manufacturing target.
iPhone 16 smartphones India’s mobile phone exports are ringi….
