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BUSINESS

India’s Mobile Phone Exports Grow 250% in June Quarter

Mobile phone exports from India grew a massive 250 per cent year-on-year in the April-June quarter, according to the India Cellular and Electronics Association (ICEA).

The country has seen a sharp decline in mobile phone imports over the past year, dropping to Rs 600 crore in the first quarter of 2021-22, from Rs 3100 crore a year ago, the industry body said.

“This is an all-time low since 2014-15,” said Pankaj Mohindroo, chairman of the ICEA. The industry body counts companies like Apple, Foxconn and many others among its members.

Mobile phone exports during the first quarter of 2021-22 stood at Rs 4600 crore, up over three times from the Rs 1300 crore in the same quarter in 2020-21.

“Despite the second wave of COVID-19 pandemic, the prudent policy of the Government of India (GoI) to continue manufacturing and backed by the PLI scheme, the industry has made significant progress in manufacturing and exports,” Mohindroo said. “Electronic goods export has also shown a tremendous rise of 100 per cent (YOY) in Q1 2021-22 crossing the mark of INR 20,000 Crore.”

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