• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Mobile Phone Manufacturing Up 1,700% In Last 10 Yrs, Exports Up 5,600%: MoS IT

OMMCOM NEWS by OMMCOM NEWS
February 7, 2024
in Nation

New Delhi:  The mobile phone manufacturing has increased from an estimated Rs 18,900 crore in 2014-15 to an estimated Rs 3,50,000 crore in 2022-23, making an impressive increase in production by more than 1,700 per cent, the government said on Wednesday.

Replying to a question in Lok Sabha, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said that from almost insignificant in the global electronics supply chain, India is currently rapidly becoming a significant and trusted player in the electronics global value chain (GVC).

“To transform our domestic manufacturing from import substitution to export-led manufacturing, the government has reduced the basic customs duty (BCD) to 10 per cent (from 15 per cent) on the goods covered under mechanics, die-cut parts and others category for use in the manufacturing of mobile phones,” informed the minister.

India has become the second largest manufacturer of mobile phones in the world (in volume terms).

“The export of mobile phones has also increased from an estimated Rs 1,566 crore in 2014-15 to an estimated Rs 90,000 crore in 2022-23, making an impressive increase in exports by more than 5,600 per cent,” Chandrasekhar added.

Government has an ambitious target of domestic electronic manufacturing of $300 billion by 2026.

The strategy to reach the $300 billion production of electronics from the current level of about $75 billion is built on broadening and deepening electronics manufacturing in India.

“This is proposed to be achieved by building competitiveness and scale by attracting global electronics manufacturers/brands, shifting, and developing sub-assemblies and component ecosystems, building a design ecosystem, nurturing Indian champions, and steadily removing cost disabilities faced by the industry,” the minister emphasised.

After the success of the PLI scheme for mobile phones, the government is expecting that PLI for IT hardware and server will lead to expanding the investments in the component ecosystem in the country to develop the supply chain.

“Government envisions to position India as a global hub for export-driven manufacturing hub and electronics system design and manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally,” the minister said.

(IANS)

Tags: Rajeev Chandrasekhar
ShareTweetSendSharePinShareSend
Previous Post

Omar Abdullah Welcomes ST Status To Paharis, Says Should Not Affect Gujjars/Bakerwals

Next Post

Seven Killed In Israeli Missile Attack On Syria

Related Posts

Karnataka Chief Minister Siddaramaiah
Nation

K’taka Govt Replaces Mangaluru Commissioner & SP Amid Communal Strife

May 29, 2025
Nation

AI Making Education More Accessible And Effective: Tripura CM

May 29, 2025
Nation

People Of Sikkim Express Joy As PM Modi Launches Key Development Projects

May 29, 2025
Nation

Hectic Efforts On To Locate Missing MP Couple, Says Meghalaya CM Sangma

May 29, 2025
Nation

India To Save 7,500 Million Litre Diesel Annually, Says Union Minister Vaishnaw; MP To Get Three New Trains

May 29, 2025
Nation

Delhi HC Asks Youtuber Mohak Mangal To Remove Objectionable References From His Video

May 29, 2025
Next Post

Seven Killed In Israeli Missile Attack On Syria

Campaigning Draws To A Close In Pakistan After ECP's Advisory

Merit In Demand For Separate HC For Nagaland: Parliamentary Panel

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.