How Did Mobile Production Surge by 146% to Rs 5.25 Lakh Crore in 4 Fiscal Years, with Exports Rising by 775%?

New Delhi, July 22 (NationPress) The production of mobile phones in India has seen a remarkable increase of approximately 146%, rising from Rs 2,13,773 crore in FY 2020-21 to Rs 5,25,000 crore in FY 2024-25, as reported in Parliament on Tuesday.

Simultaneously, the exports of mobile devices have skyrocketed by about 775%, jumping from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25.

According to Commerce and Industry Minister Piyush Goyal, the government's Production-Linked Incentive (PLI) and national industrial corridor initiatives have greatly encouraged local manufacturing, resulting in higher production levels, job creation, and a significant boost in exports.

The PLI scheme has prompted leading smartphone manufacturers to relocate their production bases to India, establishing the country as a key player in the global mobile phone manufacturing landscape.

Moreover, the PLI initiative has also led to a notable decrease in imports of raw materials within the pharmaceutical sector. This includes the domestic production of unique intermediate materials and bulk drugs such as Penicillin-G, along with technology transfers for medical devices like CT scans and MRIs.

The PLI Scheme focusing on White Goods aims to cultivate a strong component ecosystem for the air conditioning and LED lighting sectors in India, aspiring to integrate the nation into global supply chains.

Post-launch, India has initiated local manufacturing of essential components including compressors, copper tubes, heat exchangers, motors, and control assemblies for air conditioners, along with LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors in the LED market.

This transformation is significantly reducing import reliance and bolstering domestic manufacturing capabilities, as stated by the minister.

The government has also introduced the Make in India 2.0 initiative, which currently emphasizes 27 sectors, implemented across various ministries and state governments.

Furthermore, the government has sanctioned 12 new project proposals under the National Industrial Corridor Development Programme (NICDP), with a total project cost of Rs 28,602 crore, aimed at facilitating manufacturing investments in the nation.

In addition, the Atmanirbhar Bharat packages offer investment prospects under the National Infrastructure Pipeline and National Monetization Pipeline, alongside the India Industrial Land Bank and Industrial Park Rating System, all designed to promote manufacturing, the minister concluded.