New Delhi, Apr 13 (BNP): India’s mobile phone manufacturing sector is expanding at a fast pace, with the country now accounting for nearly 15% of global mobile phone production, according to industry estimates.
The growth has been significantly driven by the Production-Linked Incentive (PLI) scheme, which was introduced during the COVID-19 pandemic to boost domestic manufacturing and attract global electronics companies.
However, the scheme officially ended on March 31, prompting mobile phone manufacturers to seek an extension until 2031 to sustain the current growth momentum. Industry representatives have held discussions with the Ministry of Electronics and IT regarding the proposal.
Stakeholders believe that extending the PLI programme could help India increase its share in global mobile production to 30–35% in the coming years. They also project that total mobile phone manufacturing in the country could rise to $110–130 billion, with exports expected to reach $55–70 billion.
Currently, India’s mobile phone production is valued at around $64 billion annually, positioning the country as a key global manufacturing hub in the electronics sector.
Experts say continued policy support will be crucial for maintaining investment inflows and strengthening India’s position in global supply chains.
