Mobile production value rises 146% in four years, with exports soaring 775%, says Piyush Goyal
New Delhi: The value of mobile phone production in India has seen a sharp rise of around 146%, increasing from ₹2,13,773 crore in FY 2020–21 to ₹5,25,000 crore in FY 2024–25, Commerce and Industry Minister Piyush Goyal informed the Rajya Sabha on Tuesday.
During the same four-year period, mobile phone exports by value grew by about 775%, jumping from ₹22,870 crore in FY 2020–21 to ₹2,00,000 crore in FY 2024–25.
In a written response, Goyal said the growth has been driven by the PLI and National Industrial Corridor schemes. These initiatives have boosted domestic manufacturing, supported job creation and enhanced exports.
He highlighted that the PLI scheme has encouraged global smartphone makers to move production to India, helping the country emerge as a key manufacturing hub for mobile phones.
Due to the PLI scheme, there has also been a significant reduction in imports of raw materials in the pharma sector. Unique intermediate materials and bulk drugs are being manufactured in India including Penicillin-G, and transfer of technology has happened in manufacturing of Medical Devices such as (CT scan, MRI etc.).
The PLI Scheme for White Goods is aimed at developing a robust component ecosystem for the Air Conditioners and LED Lights industry in India, with the goal of making the country an integral part of global supply chains.
Following its launch, India has begun local production of key components such as compressors, copper tubes, heat exchangers, motors, and control assemblies for air conditioners, as well as LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors in the LED segment.
This shift, the minister said, is helping reduce dependence on imports while strengthening India’s manufacturing base.
The government has also launched Make in India 2.0 initiative which presently focuses on 27 sectors implemented across various ministries/departments and state governments.
He further stated that the government has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with total project cost of Rs 28,602 crore to facilitate manufacturing investments into the country.
Besides Atmanirbhar Bharat packages provide investment opportunities under National Infrastructure Pipeline and National Monetization Pipeline, India Industrial Land Bank, Industrial Park Rating System, soft launch of the National Single Window System etc. to promote manufacturing, the minister added.
IANS
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