The Impressive TimesNew Delhi : For the first time this financial year, India has achieved a remarkable milestone of Rs 1 lakh crore in iPhone exports. This achievement marks a significant step forward in India’s growing presence in the global smartphone market. Ashwini Vaishnaw, India’s Minister for Electronics and Information Technology, attributed this success to the government’s Production Linked Incentive (PLI) Scheme, which has played a pivotal role in encouraging domestic manufacturing and boosting exports.
In an article published in an English daily, Vaishnaw shared insights on how the PLI scheme has been instrumental in transforming India’s smartphone manufacturing sector. He stated that the scheme has provided incentives to domestic manufacturers, allowing them to scale up production and cater to international markets effectively. As a result, India is now becoming a key player in the global supply chain for smartphones, especially in high-demand categories like the iPhone.
The surge in iPhone exports is seen as a significant achievement, considering that Apple has gradually increased its manufacturing base in India over the past few years. The country has now become a major hub for Apple’s production, with manufacturers like Foxconn, Wistron, and Pegatron setting up production facilities in India. This shift has not only benefited Apple but has also contributed to the growth of the Indian economy by creating jobs and enhancing the country’s export capacity.
Looking ahead, Minister Vaishnaw predicted that overall smartphone exports from India are expected to exceed Rs 2.25 lakh crore in the next financial year (2025). This projection is based on the increasing demand for both domestic and internationally produced smartphones, as well as the continued growth of India’s manufacturing ecosystem. The government is optimistic that the PLI scheme, along with other initiatives to strengthen the electronics and technology sectors, will further boost the country’s export performance.
India’s progress in iPhone exports is a part of its broader efforts to position itself as a global manufacturing hub. With major investments in infrastructure, skills development, and technological innovation, India is set to become a key competitor in the global electronics market, offering high-quality products at competitive prices.
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