The Production Linked Incentive (PLI) Scheme for electronics manufacturing has significantly boosted India’s production and exports, attracting a cumulative investment of ₹10,213 crore till December 2024.
🔹 Massive Growth in Mobile Production
📱 From 60 million mobile phones in 2014-15 to 330 million in 2023-24 (5x increase!)
📈 Value of production surged from ₹19,000 crore to ₹4,22,000 crore (CAGR: 41%)
🔹 Exports on the Rise
🚀 Mobile phone exports skyrocketed from ₹22,868 crore in 2020-21 to ₹1,29,074 crore in 2023-24 (CAGR: 78%)
📉 In 2015, 74% of mobile phones sold in India were imported. Now, 99.2% are made in India!
🔹 Expanding Ecosystem
India has now started manufacturing batteries, chargers, PCBAs, camera modules, displays, enclosures, and more, building a self-sufficient supply chain.
🔹 Supporting Domestic Manufacturers
🏭 Indian mobile manufacturers under PLI have invested ₹787 crore, generating ₹34,111 crore in production and 25,288 new direct jobs.
With ‘Atmanirbhar Bharat’ & ‘Make in India’, India is emerging as a global electronics hub! 🌍💡
#MakeInIndia #PLIScheme #ElectronicsManufacturing #AtmanirbharBharat #MobileManufacturing #EconomicGrowth #IndiaTech
