India Cellular and Electronics Association (ICEA) said on Tuesday that India’s mobile phone exports grew by 3 times to Rs 4,300 crore during the April-June 2021 quarter, indicating recovery and growth in the segment.
According to ICEA, mobile phone exports stood at around Rs 1,300 crore in the same period a year ago, when the COVID pandemic hit the world. Pankaj Mohindroo, President, ICEA, said in a statement, “The mobile handset manufacturing industry continues its historic journey at the pace of growth and fulfillment of its objective of becoming the world’s number one manufacturing destination in line with the vision of the Prime Minister (Narendra Modi). is kept.”
He said that despite the second COVID-19 wave, the industry has made significant progress in manufacturing and exports, supported by the government’s prudential policy and continuation of the Production Linked Incentive (PLI) scheme. Mohindroo said that during the first quarter of the current financial year, there has also been a tremendous growth of 100 percent year-on-year in the export of electronic goods, which has crossed the Rs 20,000 crore mark.