New Delhi, . Due to the Production Linked Incentive Scheme (PLI) scheme, the production of electronic products in the country has increased to Rs 9.52 lakh crore, which was Rs 1.9 lakh crore 10 years ago. It has grown at a compound annual growth rate (CAGR) of 17.4 percent during the review period. This information was given by the government.
The government said that the mobile sector has benefited a lot from PLI. Due to this, the production value has reached Rs 6.61 lakh crore, which is more than the target. At the same time, an investment of Rs 9,100 crore has been seen in this sector, which is more than the target set.
The Mobile PLI scheme aims to achieve a cumulative generation of Rs 4.39 lakh crore in 202324 and Rs 8.12 lakh crore by FY 2026 over a period of five years.
Mobiles worth Rs 1.2 lakh crore were exported in the financial year 202324. This is 77 times more than the figure of 201415.
India exported mobiles worth Rs 1,566 crore in 201415.
According to the IT Ministry, around 1.22 lakh employment opportunities have been created under the mobile PLI scheme, which is more than the target.
At present, India is the second largest mobile manufacturing country in the world. Companies like Samsung, Apple and Google are manufacturing their latest mobile phones in India.
Recently, Finance Minister Nirmala Sitharaman said that in the last six years, the production of mobile phones in the country has increased three times and the export of mobile phones has also increased 100 times. This shows that India's mobile phone industry has developed.
—
– / Written By Top News Bulletin
Image Credit: KhasKhabar.