Attractive government incentives have boosted local manufacturing, setting the stage for smartphone exports from India to reach USD 10 billion (over 82,000 crore) in the fiscal year ending 31 March, according to industry data released on Wednesday.
The Indian Cellular and Electronics Association (ICEA) reports that Apple’s ‘make in India’ smartphone now makes up 50 per cent of the total exports.
Smartphone exports from the country have doubled from the previous fiscal year, leading the production-linked incentive (PLI) schemes.
While other smartphones make up 10 per cent of the export share, Samsung is the second-largest with 40 per cent of mobile exports.
According to ICEA data, India exports mobile phones to the UAE, the US, the Netherlands, the UK, and Italy as the top five global destinations.
ICEA Chairman Pankaj Mohindaroo said that “efficiency and maturity of an industry is only judged with robust exports,” and that the mobile phone industry will cross USD 40 billion manufacturing output, with 25 per cent exports at USD 10 billion being a “stellar process.”
As of the end of 2022, 80-85 per cent of iPhones were produced in India, accounting for 10-15 per cent of overall iPhone production capacity.