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Mobile phone manufacturing jumps 21 times to Rs 4 1 lakh cr in 10 yrs: ICEA

Over the past decade, mobile phone manufacturing in India has seen a remarkable 21-fold increase to reach Rs 4.1 lakh crore, driven by government policies like the Production Linked Incentive (PLI) scheme. This surge has enabled India to fulfill 97% of its mobile phone demand domestically, with 30% of production targeted for export in FY 24, amounting to an estimated Rs 1.2 lakh crore.

India produces 97% of its total mobile phone demand locally: ICEA

India produces 97% of its total mobile phone demand locally: ICEA
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Mobile phone manufacturing in India scripts an unmatched success story

The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector.While 78 per cent of all the mobile phones sold in the country in 2014 were imported, about 97 per cent of .

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