PM’s vision for 2023 is mobile phone exports of Rs 1 lakh cr: R Chandrasekhar

New Delhi: Prime Minister Narendra Modi’s vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said. Rajeev Chandrasekhar said that the government will take all the measures that are required for boosting the electronics manufacturing ecosystem in the country, in an interview with news agency PTI. In 2023 will look at widening the manufacturing base beyond mobile phone manufacturing.
“PM Narendramodi Ji’s vision for 2023 is mobile phone exports worth Rs 1 lakh crore, with mobile phones featuring in the Top 10 exported category,” Chandrasekhar said. “PM Narendramodi Ji’s vision for 2023 is mobile phone exports worth ₹1 lakh crore, with mobile phones featuring in the Top 10 exported category,” Chandrasekhar said. Mobile photo exports from India was around Rs 45,000 crore which was dominated by Apple and Samsung. The minister said that the government is working to broaden the electronic manufacturing ecosystem beyond mobile phones to increase global share in hearables and wearables segment, IT hardware, electronic components etc. As per a study by electronics component makers body ELCINA, the demand for components in 2020-21 was USD 32 billion (about Rs 2.65 lakh crore) for about a USD 70 billion ( Rs 5.8 lakh crore) industry and of this, barely USD 10 billion ( Rs 82,000 crore) was manufactured locally, and that too with a majority of imported raw materials.
While the minister did not elaborate on the specific measures, official sources have shared that the government has plans to come up with a production linked incentive scheme for hearables, wearables as well as an upgraded PLI scheme for IT hardware and electronics components to boost their local production.”We are going to complement our mobile phone successes by broadening and deepening the ecosystem. The deepening strategy has been there in semiconductor space. It is very clear we want to do more in our component industry.