Mobile exports surpasses Rs. 90,000 crore in FY23: ICEA

India’s mobile phone exports doubled year-on-year to Rs 90,000 crore in FY23, surpassing the estimated Rs 75,000 crore, the India Cellular and Electronics Association (ICEA) said.

FE was the first to report on March 17 that exports will cross the targeted Rs 75,000 crore mark, with Apple all set to export iPhones in excess of Rs 37,000 crore.

“With the doubling of exports of smartphones to more than $11 billion, India is well on its way to become a leader in the mobile device market of the world and play a major role in electronics exports. This is a major win for PM Narendra Modi’s Make in India programme,” said Union minister Ashwini Vaishnaw on the record smartphone exports from India.