India to cross Rs 120,000 cr in mobile exports in FY24

Buoyed by friendly government policies and production-linked incentive (PLI) scheme, India is set to cross Rs 1,20,000 crore in mobile exports in the current fiscal year (FY24), driven by tech giant Apple, the top electronics industry body told IANS on Tuesday. The country surpassed a remarkable Rs 90,000 crore worth smartphone exports in the fiscal year 2022-2023. According to the India Cellular and Electronics Association (ICEA), the mobile phone exports have already registered a massive 128 per cent growth in the months of April-May this year. “Mobile phone exports growth in 2023-24 have bucked the trend of falling exports with a growth of 128 per cent in the first two months of 2023-24,” Pankaj Mohindroo, Chairman, ICEA, said.