India exports mobile phones worth $11 Billion; Apple clocks 50 percent share

Mobile phone exports from India reached close to USD 11.12 billion with iPhone maker Apple accounting for around half of total exports, according to industry body ICEA and estimates from industry sources.

India Cellular and Electronics Association (ICEA) said that mobile phones export from India have doubled to surpass Rs 90,000 crore, about USD 11.12 billion, in financial year (FY) 2022-23 from Rs 45,000 crore in FY22.

" ecomy or sector in ecomy can become a great and vibrant global ecomy without large exports. mobile phone export juggernaut continues. Riding on 100 per cent growth in mobile phone exports, which have crossed Rs 90,000 crore for FY 2022-23, electronics exports have also grown by 58 per cent to Rs 1,85,000 crore. It is extremely satisfying that we have crossed targeted figure of Rs 75,000 crore for year," ICEA Chairman Pankaj Mohindroo said.

government has set a target of USD 10 billion worth of mobile phone exports from country.

According to industry sources, Apple is estimated to have clocked 50 per cent share with export of 'me in India' iPhones worth USD 5.5 billion, about Rs 45,000 crore.

Sources estimate that Samsung accounts for about 40 per cent share with export worth Rs 36,000 crore.

"Third party exports contributed around USD 1.1 billion in total export. se players export phones of all brands that are me in India," source said.

government has set target of achieving USD 300 billion worth of electronics manufacturing by 2025-26, with USD 120 billion expected to come from exports. Mobile phones are anticipated to contribute more than USD 50 billion worth of exports by 2025-26.

According to ICEA, mobile phone exports w account for 46 per cent of overall electronic goods exports.