Monthly mobile phone exports hit record $1 billion in September
Monthly mobile phone exports from India touched the $1-billion mark (over ₹8,200 crore) for the first time ever in September. They were boosted by the government’s production-linked incentive (PLI) scheme, which has pushed global players such as Apple and Samsung to increase local production for the domestic as well as overseas markets. According to data available exclusively from ET, April-September mobile phone exports more than doubled to $4.2 billion, from $1.7 billion in the corresponding period of 2021. Before that, was the highest monthly export of mobile phones in December 2021, when $770 million worth of devices were shipped. Exports were about US$700 million every month from June to August this year. The estimated value of mobile phone exports in September 2022 showed more than 200% growth compared to September 2021, according to the data increase,” Pankaj Mohindroo, chairman of the India Cellular and Electronics Association (ICEA), told ET. Industry leaders s