Key Points
New Delhi: The mobile phone manufacturing industry has sought a tax and tariff regime that is competitive with countries including China, Vietnam, etc, with India's focus now shifting to exports...
The industry has highlighted to the government that the domestic market for mobile phones has saturated, while the exports are growing at a fast pace, now contributing 25% of total local production...
The industry, which exported $11.1 billion worth of mobile phones in FY23, wants to target the $50-billion export mark over the next few years...
"We have held meetings with senior officials at ministry of electronics and IT (MeitY), finance ministry and NITI Aayog across the last two weeks and discussed about the need to shift focus and resultant policies to build India's export competitiveness," a senior executive at one of the country's top mobile firms told ET...
At the end of FY23, nearly 90,000 crore-or 25% of total mobile production in India-were exported, primarily driven by iPhone exports that contributed nearly 50%..
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Mobile phone industry seeks ‘competitive’ tax, tariff regime to counter dominance of China, Vietnam in glo
08, Dec, 23The industry has highlighted to the government that the domestic market for mobile phones has saturated, while the exports are growing at a fast pace, now contributing 25% of total local production. The industry, which exported $11.1 billion worth of mobile phones in FY23, wants to target the $50-billion export mark over the next few years.