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India must tap GVCs for next wave of electronics manufacturing growth: Industry Industry leaders on Friday said that the country must seize the opportunity to create a conducive environment for Global Value Chains (GVCs) to thrive, in order to build a large-scale and globally competitive electronics manufacturing industry. Reacting to NITI Aayog’s latest report that envisions achieving a $500 billion target in electronics manufacturing by FY2030 and creating 60 lakh jobs, the industry leaders said that true growth potential lies in the global market. “G...
India must tap GVCs for next wave of electronics manufacturing growth: Industry
India must tap GVCs for next wave of electronics manufacturing growth: Industry
Source: IANS
2024-07-19 09:57:39 am
India`s electronic manufacturing likely to reach around $250 bn in next 5 yrs India's electronic manufacturing is likely to reach around $250 billion in the next five years, according to media reports. At present, the electronic exports of the country stand at $125 to $130 billion. The government also plans to address the issue of unemployment by creating jobs in the electronic manufacturing sector. Presently, 25 lakh people are employed in this sector. In the next five years, the government intends to double the number of jobs in the sector, according to ...
India`s electronic manufacturing likely to reach around $250 bn in next 5 yrs
India`s electronic manufacturing likely to reach around $250 bn in next 5 yrs
Source: IANS
2024-06-16 12:49:51 pm
Apple ecosystem employed over 1.5 lakh people directly since PLI in 2021: Union Minister The Apple ecosystem employed over 150,000 people directly since the production-linked incentive (PLI) scheme was approved in 2021, making it the country's largest blue-collar job creator, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday. About 3 lakh people have been employed indirectly, with a total of over 4 lakh new jobs, owing to Prime Minister Narendra Modi’s PLI policies which have been transformative, said the minister who is an NDA candidate ...
Apple ecosystem employed over 1.5 lakh people directly since PLI in 2021: Union Minister
Apple ecosystem employed over 1.5 lakh people directly since PLI in 2021: Union Minister
Source: IANS
2024-04-01 11:22:23 am
Mobile phone manufacturing in India scripts an unmatched success story  The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. While 78 per cent of all the mobile phones sold in the country in 2014 were imported, about 97 per cent of the mobile phones are now manufactured in India. According to the industry body, India Cellular & Electronics Association (ICEA), mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.1...
Mobile phone manufacturing in India scripts an unmatched success story
Mobile phone manufacturing in India scripts an unmatched success story
Source: IANS
2024-03-10 02:40:40 pm
India nears record Rs 20 lakh crore worth mobile phone production in last 10 yrs  India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year (FY24) -- a whopping 7,500 per cent increase in exports over a decade -- top electronics industry body India Cellular and Electronics Association (ICEA) said on Thursday. The industry had set itself a target of Rs 20 lakh crore worth mobile phone production over the last 10 years (2014-2024). ...
India nears record Rs 20 lakh crore worth mobile phone production in last 10 yrs
India nears record Rs 20 lakh crore worth mobile phone production in last 10 yrs
Source: IANS
2024-03-07 06:11:23 pm
MeitY`s CoE Noida announces `designed in India` bluetooth speaker The Centre of Excellence (CoE) for electronic system design and manufacturing, under the IT Ministry, on Friday announced the launch of a first-of-its-kind prototype bluetooth speaker enabled with HD Radio for the Indian market. The Indian bluetooth speaker market is experiencing robust growth, exceeding 30 per cent annually and domestic brands like boAt and Noise are already global leaders. Housed at the Centre for Development of Advanced Computing (CDAC) Noida, the CoE collaborated wi...
MeitY`s CoE Noida announces `designed in India` bluetooth speaker
MeitY`s CoE Noida announces `designed in India` bluetooth speaker
Source: IANS
2024-02-16 11:44:01 am
Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24 Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday. This stupendous growth is compared to $6.2 billion (Over Rs 50,000 crore) during the same period last year, according to the India Cellular and Electronics Association (ICEA). Led by Apple, India is set to cross $15 billion (over Rs 1,24,000 crore) in mobile phone exports i...
Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24
Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24
Source: IANS
2023-12-31 12:29:14 pm
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular and Electronics Association (ICEA) on Sunday. To date, during this financial year, the country has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing. With a strong focus on deep manufac...
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn
Source: IANS
2023-12-31 10:50:39 am
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads ?In a fillip to ?Make in India? initiative, India saw mobile phones exports worth $5.5 billion (over Rs 45,000 crore) in the April-August period in the ongoing fiscal year (FY24), government and industry data showed on Wednesday.As per the estimates by the Department of Commerce and the India Cellular and Electronics Association (ICEA), accessed by IANS, the April-August period saw mobile phone exports worth $5.5 billion, against $3 billion (about Rs 25,000 crore) in the same period in FY22-2...
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads
Source: IANS
2023-09-28 11:03:59 am
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads  In a fillip to ?Make in India? initiative, India saw mobile phones exports worth $5.5 billion (over Rs 45,000 crore) in the April-August period in the ongoing fiscal year (FY24), government and industry data showed on Wednesday.As per the estimates by the Department of Commerce and the India Cellular and Electronics Association (ICEA), accessed by IANS, the April-August period saw mobile phone exports worth $5.5 billion, against $3 billion (about Rs 25,000 crore) in the same period in F...
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads
Mobile phone exports from India cross Rs 45,000 cr in April-Aug period, Apple leads
Source: IANS
2023-09-28 09:49:00 am