Mobile exports now worth $3 billion: PM
New Delhi, Aug. 15: India used to import mobile phones worth $8 billion seven years ago and now the country is exporting such devices worth $3 billion while reducing imports significantly, Prime Minister Narendra Modi said on Sunday.
Addressing the nation from the ramparts of the Red Fort on the occasion of India's 75th Independence Day, Modi said the government has announced a production linked incentive scheme to further the flagship 'Make in India' mission.
"Electronic manufacturing sector is an example of the change that the scheme is bringing. Seven years ago we used to import mobile phones worth approximately $8 billion. Now imports have reduced. Today, we are exporting mobile phones worth $3 billion," he said.
The Ministry of Electronics and IT has cleared 16 proposals from domestic and international companies entailing investment of Rs 14,800 crore under the production linked incentive (PLI) for global majors as well as domestic companies.
Now, all the leading mobile phone manufacturers, including Apple, Samsung, Xiaomi, Vivo etc, are manufacturing in India.
The Prime Minister said as the country's manufacturing sector is advancing, "we should focus on making the best quality products that can stand in the global market".
"We have to target the global market. Your (manufacturers) product is the brand ambassador of — PTI
India. Till the time it is in use, its user will proudly say this product is Made in India,” Modi said. —PTI