New Delhi: India, which is now the fifth largest export nation for mobile phones as an individual commodity, would have faced a hefty import bill of more than Rs 14.3 lakh crore, had it not achieved self-sufficiency in the last 10 years.
Since 2014, the cumulative exports of mobile phones have reached a total estimate of Rs 3,22,048 crore, according to the India Cellular and Electronics Association (ICEA).
“In the absence of such self-sufficiency, and if India had remained import dependent to the levels it was in 2014, the import bill on account of mobile phone imports alone during the 10-year period would have been Rs 14,34,045 crore,” the ICEA revealed in its latest data. (Also Read: India Gets First Indigenously Developed Router: Check Key Features)
This exponential growth in production, exports and self-sufficiency stems from a conducive policy environment and a close working relationship between industry and key government ministries.
As a next step, we have to ensure that we can shift electronics global value chains (GVCs) to India to create large-scale manufacturing jobs and increase domestic value addition, said the ICEA. (Also Read: Poco X6 Neo Launch Date Confirmed In India; Check Availability, Expected Specs)
“This, in turn, requires unprecedented competitiveness and factories that can operate at scale of the kind that has never been witnessed in India,” it added.
