India’s mobile phone exports climbed over 3-folds to Rs 4,300 crore during the April-June 2021 quarter, indicating signs of recovery and growth in the segment, the India Cellular and Electronics Association (ICEA) said on Tuesday.
Mobile phones' exports had stood at nearly Rs 1,300 crore in the corresponding period a year ago, when the COVID pandemic hit the globe, according to the ICEA. "The mobile handset manufacturing industry is continuing its growth juggernaut and its historic journey to meet its objective of becoming the world's number one manufacturing destination in sync with the Prime Minister's (Narendra Modi) vision," ICEA Chairman Pankaj Mohindroo said in a statement.
He added that despite the second COVID-19 wave, the industry has made significant progress in manufacturing and exports, backed by the government's prudent policy to continue manufacturing and the production-linked incentive (PLI) scheme. Mohindroo said electronic goods' exports have also shown a tremendous rise of 100 percent year-on-year during the first quarter of the current financial year, crossing the Rs 20,000-crore-mark.
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