Smartphone exports from India refer to the shipment of mobile devices manufactured within the country to international markets. The Indian government has been promoting smartphone manufacturing in the country since 2014 under the 'Make in India' campaign.
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How do Smartphone Exports Demonstrate the Incentive Programs Work in India?
1. HOW DO SMARTPHONE EXPORTS
DEMONSTRATE THE INCENTIVE
PROGRAMS WORK IN INDIA?
2. Smartphone Exports from India
In the first two months of 2023, smartphone exports from India crossed
the US$2 billion mark, concerning strong government support and the
growth of a local industrial ecosystem. Major technology companies,
covering Apple and Samsung, have played a significant role in boosting
these mobile exports through their contract manufacturers in India.
The overall export value of India's smartphone exports exceeded US$9
billion between April 2022 and February 2023, according to, India
export import data from the India Cellular and Electronics Association
(ICEA), as reported by The Economic Times. This figure is nearly
double that of the previous year's similar time. Since September 2022,
India's smartphone manufacturers have exported handsets worth
approximately $1 billion each month.
3. Smartphone exports from India under
Make in India campaign
Smartphone exports from India refer to the shipment of mobile devices
manufactured within the country to international markets. The Indian
government has been promoting smartphone manufacturing in the
country since 2014 under the 'Make in India' campaign.
In 2019, the government announced a new scheme called the
Production-Linked Incentive (PLI) scheme, which aimed to incentivize
local manufacturers to produce high-end mobile devices in India. Under
this scheme, the government offers financial incentives to
manufacturers for producing smartphones with a manufacturing value
addition (MVA) of over 20% in India. Get export import data
4. Advantages of Smartphone Exports
and Incentive Programs in India
Smartphone exports from India offer several advantages, both to
the domestic economy and the global market. For the Indian
economy, it provides an opportunity to boost domestic
manufacturing and create employment opportunities. The
smartphone industry has the potential to generate up to 2 million
jobs in the country, according to a report by Deloitte. Additionally,
smartphone exports can help reduce the trade deficit, which is a
major concern for the Indian government.
On the global front, smartphone exports from India provide a
reliable alternative to Chinese manufacturers, who currently
dominate the global market. It also offers a diversification of the
supply chain, reducing the risk of disruption caused by
geopolitical tensions or pandemics. Incentive programs such as
the PLI scheme provide a further boost to the industry by
reducing the cost of production and improving the quality of the
devices manufactured.
5. Current Market Statistics for
Smartphone Exports
India's smartphone exports have been steadily increasing over
the past few years. According to India export import data from
the Ministry of Commerce and Industry, smartphone exports
from India grew by 132.2% in 2020-21 compared to the previous
year. The country exported smartphones worth $2.7 billion in the
fiscal year 2020-21, up from $1.2 billion in the previous year. The
majority of these exports were to countries such as the UAE, the
US, and the UK.
Several Indian companies have also emerged as major players
in the global smartphone market. Xiaomi, a Chinese smartphone
manufacturer, has established a significant presence in India and
currently holds the top spot in the country's smartphone market
share. Other Indian companies such as Micromax and Lava
have also been expanding their presence in the global market.
Also know about US Import Data.
6. Conclusion
The rise in smartphone exports from India is a testament to the
effectiveness of these incentive programs and the country's potential to
become a global manufacturing hub. If you require the export import
data for smartphones or other technology, Seair Exim Solutions is the
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