HomeTop StoriesPM Modi's PLI scheme scaling new heights on exports, jobs: Rajeev Chandrasekhar

PM Modi’s PLI scheme scaling new heights on exports, jobs: Rajeev Chandrasekhar

New Delhi, March 22 (IANS) Prime Minister Narendra Modi’s visionary production linked incentive (PLI) scheme is scaling new heights everyday on production, exports and jobs, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday.

In a post on the social media platform X, the minister said that under the PLI scheme, Apple crossed over Rs 1 lakh crore worth of iPhone production in 11 months of FY24.

He further mentioned that a “massive number of new jobs for the youth in iPhone factories run by Foxconn, Pegatron and Wistron” were generated.

“2/3rds of the production will be exported from India,” the minister added.

As per industry data, Apple exported iPhones worth approximately Rs 65,000 crore to other countries.

According to the industry body, India Cellular & Electronics Association (ICEA), mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold increase.

Cumulatively, over 245 crore mobile phone sets have been produced in India during the last 10 years.

In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore.

According to experts, the PLI scheme for Large-Scale Electronics Manufacturing (LSEM) and for IT hardware is advancing towards making India a competitive destination for electronics manufacturing.

–IANS

shs/svn

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular