India the the fifth largest export nation for mobile phones as an individual commodity, which 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 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.
The remarkable surge in production, exports, and self-sufficiency has been facilitated by a favourable policy environment and strong collaboration between industry stakeholders and key government ministries. Moving forward, our focus is on transitioning electronics global value chains (GVCs) to India, aiming to generate substantial manufacturing employment opportunities and boost domestic value addition, stated the ICEA.
“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.
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Inputs from IANS
