City
Epaper

Mobile production surges by 146 pc to Rs 5.25 lakh crore in 4 fiscals, exports up 775 pc: Piyush Goyal

By IANS | Updated: July 22, 2025 14:34 IST

New Delhi, July 22 The production of mobiles in India in value terms has increased by around 146 ...

Open in App

New Delhi, July 22 The production of mobiles in India in value terms has increased by around 146 per cent from Rs 2,13,773 crore in FY 2020-21 to Rs 5,25,000 crore in FY 2024-25, the Parliament was informed on Tuesday.

During the same period, exports of mobile phones in value terms has increased by around 775 per cent from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25.

The government’s PLI and national industrial corridor schemes have incentivized domestic manufacturing, leading to increased production, job creation and a boost in exports, Commerce and Industry Minister Piyush Goyal, said in a written reply to a question in the Rajya Sabha.

PLI Scheme has encouraged major smartphone companies to shift their production to India. As a result, India has become a major mobile phone manufacturing country.

Due to the PLI scheme, there has also been a significant reduction in imports of raw materials in the pharma sector. Unique intermediate materials and bulk drugs are being manufactured in India including Penicillin-G, and transfer of technology has happened in manufacturing of Medical Devices such as (CT scan, MRI etc.).

The PLI Scheme for White Goods is aimed at developing a robust component ecosystem for the Air Conditioners and LED Lights industry in India, with the goal of making the country an integral part of global supply chains.

Following its launch, India has begun local production of key components such as compressors, copper tubes, heat exchangers, motors, and control assemblies for air conditioners, as well as LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors in the LED segment.

This shift is significantly reducing import dependency and strengthening domestic manufacturing capabilities, the minister further stated.

The government has also launched Make in India 2.0 initiative which presently focuses on 27 sectors implemented across various ministries/departments and state governments.

He further stated that the government has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with total project cost of Rs 28,602 crore to facilitate manufacturing investments into the country.

Besides Atmanirbhar Bharat packages provide investment opportunities under National Infrastructure Pipeline and National Monetization Pipeline, India Industrial Land Bank, Industrial Park Rating System, soft launch of the National Single Window System etc. to promote manufacturing, the minister added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalFelt like dream: Children who performed for PM Modi in Maldives share unforgettable moment

NationalFelt like dream: Children who performed for PM Modi in Maldives share unforgettable moment

NationalRabri Devi leads Oppn's protest against SIR outside Bihar Legislative Council

InternationalMagnitude-6.6 earthquake hits South Pacific near Samoa

Other SportsWe are confident, ready: Gaurav Khatri eyes repeat glory in PKL Season 12

Technology Realted Stories

TechnologyGovt bans OTT platforms Ullu, ALTT, Desiflix for soft porn content

TechnologySona Comstar shares continue to dip, is boardroom battle reason for decline?

TechnologyAir pollution, car exhaust emissions may raise your risk of dementia: Study

TechnologyNSDL IPO price band at 22 pc discount from unlisted market valuation, subscription from July 30

TechnologyStarlink network issue resolved, Elon Musk says ‘sorry, won’t happen again’