A key demand of the handset industry from Budget FY25 is zero tariffs on all lines that significantly increase costs, converging them with Vietnam and China to ensure competitiveness, scale and export-led growth.
Electronics Export: In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.
According to market trackers, Motorola exported more than 1 million smartphones from India in 2022, manufactured by local electronics contract manufacturer Dixon Technologies. As of October, it has already exported 800,000 units.