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| Mobile phone exports surpass Rs 2 lakh cr in FY25, powered by iPhone shipments, says Vaishnaw | | | Agencies
NEW DELHI, Apr 8: Mobile phone exports surpassed Rs 2 lakh crore in the 2024-25 financial year with iPhone shipments alone contributing about Rs 1.5 lakh crore, Union Minister Ashwini Vaishnaw said on Tuesday. The minister said that smartphone exports have seen a 54 per cent growth over the 2023-24 fiscal. "Smartphone exports crossed a new record of Rs 2 lakh crore in the financial year 2024-25. It is now among the top exported goods out of India. This is 54 per cent growth over the previous fiscal. iPhone exports alone are worth about Rs 1.5 lakh crore," Vaishnaw said. He said that electronics manufacturing in the country has increased more than five times and exports by more than six times in the last 10 years. The minister also announced the rollout of the passive component manufacturing scheme and guidelines, which have provisions to give an incentive of Rs 22,919 crore that will create direct employment of around 1 lakh and enhance value addition in the finished products.
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