India’s smartphone exports crossed Rs 20K crore mark in November, jumped virtually 100% in a 12 months – Firstpost

India’s smartphone exports have reached an unprecedented milestone, crossing the Rs 20,000 crore mark in November 2024. This marks a outstanding 92 per cent progress in comparison with the Rs 10,634 crore recorded in the identical month final 12 months, as per a report by the Enterprise Customary.    

The information, compiled from trade associations and firm submissions, displays the booming success of India’s smartphone manufacturing sector, led by world giants like Apple and Samsung.

Apple leads the export surge

Apple emerged because the frontrunner in November, with exports value Rs 14,000 crore, the best ever for the corporate in India. This determine surpasses its earlier file of Rs 12,000 crore in October and represents over 80 per cent of the manufacturing worth of iPhones assembled in India.  

Apple’s distributors—Foxconn, Tata Electronics, and Pegatron—performed a pivotal position on this achievement, with Foxconn’s Tamil Nadu facility being the one largest contributor. This efficiency far exceeds Apple’s production-linked incentive (PLI) scheme dedication of exporting 70-75 per cent of manufacturing worth for FY25.

Samsung, alongside Indian producers and different commerce contributions, accounted for the remaining share of smartphone exports. Collectively, Apple and Samsung dominated the sector, cementing India’s rising position as a world smartphone manufacturing hub.

The PLI scheme driving success

India’s smartphone PLI scheme has been a game-changer, remodeling the sector from the nation’s Twenty third-ranked export in 2019 to the third-largest particular person commodity export right now. The scheme’s incentives have propelled electronics exports as an entire, transferring them from seventh place in 2019 to 3rd to date in FY25.

Based on the India Mobile & Electronics Affiliation, the trade has achieved Rs 1.1 trillion in incremental items and companies tax and duties on cellular parts for the reason that scheme’s implementation. The sector has additionally generated Rs 2.87 trillion in exports over the previous 4 years, creating 300,000 direct jobs and 600,000 oblique jobs. Notably, many of those roles have gone to younger girls getting into the workforce for the primary time.

A shiny future for Indian electronics

With exports breaking data and the PLI scheme delivering substantial financial advantages, India’s electronics sector is experiencing a major transformation. The surge in smartphone manufacturing and exports underscores the nation’s rising competitiveness in world provide chains.

As Apple, Samsung, and different producers proceed to scale their operations, India’s place as a number one exporter of high-value electronics is about to strengthen additional within the years to return.