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Indian Cos Made 2.45 b Mobiles worth Rs4 L cr in a Decade: ICEA
The electronics manufacturing industry has met the targets it set a decade ago and has become the second largest manufacturer of mobile phones in the world, producing devices worth Rs4.1 lakh crore, an industry body said.
Dr.G.R.Balakrishnan Mar 08 2024 Exim & Trade News

Indian Cos Made 2.45 b Mobiles worth Rs4 L cr in a Decade: ICEA

India Cellular and Electronics Association (ICEA) estimated that the industry finished the decade with 2.45 billion units of mobile phones produced, worth Rs4.1 lakh crore in FY24, as compared to Rs18,900 crore a decade back.  

 

The association said the electronics industry had set itself a target of Rs20 lakh crore over the 10-year period, and has achieved Rs19.45 lakh crore in cumulative production.

 

During the 10-year period, cumulative exports of mobile phones reached an estimated Rs3.22 lakh crore making mobile phones the fifth largest exported commodity from India. In the current fiscal, 30% of the production will be meant for exports.