According to Jitin Prasada, Union Minister of State for Electronics and Information Technology and Commerce and Industry, the Production Linked Scheme (PLI) for electronics manufacturing is performing well and it has attracted a cumulative investment of Rs 102.13 billion till December 2024.
As per him, under the special incentive scheme, cumulative production of Rs 6.62 trillion and additional employment of 137,189 (direct jobs) have been achieved. Driven by the special incentive scheme, the production of mobile phones has increased from about 60 million mobile phones in 2014-15 to about 330 million mobile phones in 2023-24. This is more than five times increase in number of mobile phones manufactured over the last 10 years. In value terms, the production of mobile phones has increased from a meagre Rs 190 billion in 2014-15 to Rs 4.22 trillion in 2023-24 growing at a CAGR of 41 per cent.
Further, since the inception of the PLI Scheme for large scale electronics manufacturing, mobile phone exports have increased from Rs 228.68 billion in 2020-21 to Rs 1.29 trillion in 2023-24 growing at a CAGR of 78 per cent. Whereas, in 2015, 74 per cent of all mobile phones sold in India were imported, India has now reached a point where 99.2 per cent of the mobile handsets being used in India are made in India. Apart from manufacturing mobile phones, manufacturing of various electronic components/sub-assemblies for mobile phones such as batteries, chargers, printed circuit board assembly (PCBA), camera modules, display module, enclosures, USB cable, ferrite, and glass covers has also started in India.
The minister mentioned that the government has also recognised the contribution of small players producing mainly for domestic markets. The domestic mobile phone manufacturers under the PLI Scheme have made a cumulative investment of Rs 7.87 billion, leading to cumulative production of Rs 341.11 billion and generating additional employment of 25,288 (direct jobs) till December 2024.
