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    India may export handsets worth $9 billion in FY23

    India is set to achieve overall electronics manufacturing of $300 billion by FY26. As per data from industry body India Cellular and Electronics Association (ICEA), electronics worth roughly $87 billion were manufactured locally in FY22, which is expected to grow to $100 billion in FY23.

    India is likely to export mobile phones worth about $9 billion in FY23, up from $5.8 billion in the year before, as manufacturers step up production and outward shipments.

    India is set to achieve overall electronics manufacturing of $300 billion by FY26. As per data from industry body India Cellular and Electronics Association (ICEA), electronics worth roughly $87 billion were manufactured locally in FY22, which is expected to grow to $100 billion in FY23.

    Mobile phone exports have already raced past the $5 billion mark in the first seven months (April-October) of FY23, more than double the $2.2 billion that India clocked in the same period last year, as the likes of Apple and Samsung pushed exports. The development of an ecosystem for electronics manufacturing and a subsequent rise in exports are primarily being led by the production-linked incentive (PLI) schemes.

    ELE Times Bureau
    ELE Times Bureauhttps://www.eletimes.com
    ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

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