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 Indias 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...
At the end of FY23, nearly Rs 90,000 croreor 25% of total mobile production in Indiawere exported, primarily driven by iPhone exports that contributed nearly 50%..
As per industry body India Cellular and Electronics Association (ICEA), two countriesChina and Vietnamdominate nearly 85% of the over $190 billion mobile exports, as compared to Indias $11.1 billion in FY23..
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Phone makers seek competitive tax, tariff regime for export push
07, 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.