Prime Minister Modi’s Vision For 2023 Includes Mobile Phone Exports Worth Rs 1 Lakh Crore: MoS

Prime Minister Narendra Modi’s vision for 2023 is to include mobile phone exports among the top 10 export categories from India, said Electronics and IT Minister Rajeev Chandrasekhar. Speaking with PTI, the minister said the government will take all necessary steps to boost the domestic electronics manufacturing ecosystem and consider expanding its manufacturing base beyond mobile phone manufacturing in 2023. I said I will.

“Prime Minister Narendra Modi Gee’s vision for 2023 is to export mobile phones worth 1 billion rupees, which will be among the top 10 export categories,” Chandrasekhar said.

Mobile phone exports from India were around Rs 45,000, dominated by Apple and Samsung.

The minister said the government is working to expand the electronic manufacturing ecosystem beyond mobile phones and increase its global share in hearable and wearable segments, IT hardware and electronic components.

According to a study by electronic component manufacturers association ELCINA, component demand in 2020-2021 will be $32 billion (roughly Rs 2.65 crore) for an industry worth around Rs 70 billion (Rs 580 crore), of which only Rs 10 billion It was dollars (Rs). 82,000 kroner) was produced locally, which also used mostly imported raw materials.

Although the minister did not elaborate on the specific measures, official sources said the government has come up with an incentive scheme linked to the production of hearables, wearables, and an upgraded PLI scheme for IT hardware and electronic components, which will be distributed locally. We shared that we have plans to boost manufacturing.

“We are looking to complement our success in mobile phones by expanding and deepening our ecosystem. Our deepening strategy has been in the semiconductor space.It is very clear that we want to do more in the component industry. As we expand, we are growing.We want to be successful in the mobile phone field, the IT server and hardware field, and the wearables and hearables field, all of which are growing rapidly globally. It is an area where we are doing,” the minister said.

Indian brands such as Imagine Marketing (BoAt) and Fire-Boltt are currently among the world’s top selling brands in the wearables and hearables category.

As data grows with 5G and high-speed broadband, so does the demand for data centers and in-servers.

According to market research firm Research And Markets, the Indian server market is valued at $1.6 billion (approximately Rs 1,322 billion) in 2022 and is expected to grow at a compound annual growth rate of 7.19%.

“We want to increase our market share in IT hardware and servers.Today we are a very small player in that space.We want to increase our market share in components and the global market share in wearables and hearables. We believe that is the prime minister’s goal and we want to be an important and trusted partner for global businesses and consumers in all these areas.If it requires additional PLIs or policies, we do that.

Under the PLI scheme for IT hardware, the government has selected 14 companies to manufacture IT hardware, including Dell, Rising Stars, Flextronics Technologies, Lava International, Dixon Technologies and others.

The scheme has provisions to provide incentives of up to Rs 732.5 crore, which are related to increased investment and sales of locally manufactured goods.

MAIT, an association of IT hardware manufacturers, has called on the government to decouple incentives from investment. Some players already have excess production capacity, raising the total amount of incentives under the scheme to Rs. 25,000 kroner.