India is set to become a manufacturing hub! Jagran Business- Watch Video

Indian smartphone exports are set to cross $10 billion (over Rs 82,000 crore) in fiscal 2023, according to new industry data. Data has been released by the India Cellular and Electronics Association (ICEA), showing that Apple's 'Make in India' smartphones now account for 50% of total exports, followed by Samsung with 40% of mobile exports and other smartphone players with the remaining 10. constitute %. export share.

ICEA President Pankaj Mohindroo confirmed, "The mobile phone industry will cross $40 billion manufacturing output and 25 percent of exports at $10 billion is a great performance."Reportedly, there are more than 260 units manufacturing mobile phones and accessories in India today, whereas in 2014 only two units were operational. Thus, India has come a long way in the mobile manufacturing sector. This is one industry where the 'Make in India' drive has really hit the ground running.

Hailing as a global success story, the country has witnessed a stupendous growth rate in mobile phone manufacturing. In Budget 2023, it was revealed that the production of mobile phones in the country has increased from 5.8 crore units in 2014-15 worth about Rs 18,900 crore to 31 crore units worth over Rs 2,75,000 crore in the last financial year.