India’s mobile phone manufacturing sector has experienced a remarkable surge from a negligible presence to a substantial $44 billion today, with approximately $11 billion worth of these handsets being exported, announced Ashwini Vaishnaw, the Union Minister of Electronics and Information Technology, on Monday.
Reflecting on the evolution over the past decade, Vaishnaw emphasized the significant expansion of electronics manufacturing in the country.
Following a tour of Tata Electronics’ iPhone casings factory in Hosur, he noted, “Ten years ago, electronics manufacturing was a very small activity in our country. Today, the magnitude of electronics manufacturing is worth 8.5 lakh crore in the country.”
Highlighting India’s ascent up the value chain, Vaishnaw underscored the diverse array of parts, components, and sub-assemblies now manufactured within the country.