26th September, 2019
In the last few years, India has now become a major exporter of mobile phone handsets and in the financial year 2019-20, the export of mobile handsets has increased by eight times to Rs 11,200 crore. This is the first time in the country when India's mobile phone handset exports have been higher than imports.
ICEA President Pankaj Mohindru said that the country's mobile handset manufacturing industry is growing steadily and mobile handset exports have increased by 800 percent in 2018-19 as compared to FY 2017-18. Mobile imports were valued at Rs 10,000 crore in FY 2018-19, while exports stood at Rs 11,200 crore. This is the beginning of a good future for the country.
ICEA said that in the financial year 2018-19, a total of 29 crore mobile phone handsets were produced in India, worth Rs 1.81 lakh crore. In the financial year 2014-15, only 5.8 crore mobile handsets were produced, valued at Rs 18,900 crore. However, exports were almost zero at the time, as the then leading Nokia company closed its plant.
In this way, India leads in mobile exports-
The government had initiated Digital India in August 2014, with a target of net-zero import by 2020. In the mobile handset sector itself, the government has set a target of making 100 crore handsets by 2025. Out of this target of 100 crore mobile handsets, 60 crore mobile handsets will be exported and their value will be around seven lakh crores.
Mohindru said that in 2014-15, 80 percent of the demand for mobile handsets in the country was being met by imports, while in 2018-19 this figure was reduced to six percent. The government's goal is to zero out mobile handset imports, which are moving fast.