New Delhi, Feb 10
The Production-Linked Incentive (PLI) scheme for electronics manufacturing has helped India attract investments of ₹10,213 crore by December 2024. This has resulted in the creation of over 1.37 lakh direct jobs and a big boost in exports, according to a report presented in Parliament.
How Has the PLI Scheme Helped India?
Union Minister Jitin Prasada shared that under this scheme:
- Total production has reached ₹6,62,247 crore.
- Over 1,37,189 direct jobs have been created.
- India has gone from being an importer of mobile phones in 2014-15 to becoming an exporter of mobile phones today.
Huge Growth in Mobile Phone Production
- In 2014-15, India produced about 60 million mobile phones.
- In 2023-24, this number jumped to 330 million mobile phones—more than 5 times growth in 10 years.
- The total value of mobile phones produced has increased from ₹19,000 crore in 2014-15 to ₹4,22,000 crore in 2023-24, growing at an annual rate of 41%.
Massive Increase in Mobile Phone Exports
- Since the launch of the PLI scheme for large-scale electronics manufacturing, mobile phone exports have jumped from ₹22,868 crore in 2020-21 to ₹1,29,074 crore in 2023-24, growing at 78% per year.
- In 2015, 74% of mobile phones sold in India were imported.
- Today, 99.2% of the mobile phones used in India are made in India.
Local Manufacturing of Phone Parts
- India has also started producing key mobile phone components like:
- Batteries
- Chargers
- Camera modules
- Display screens
- Phone casings
- USB cables
- Other essential parts
- This shows that India is building a complete mobile phone manufacturing ecosystem, and more companies are expanding their production here.
Support for Small Indian Mobile Manufacturers
- Small Indian mobile phone makers under the PLI scheme have invested ₹787 crore so far.
- This has led to a total production of ₹34,111 crore and created 25,288 direct jobs by December 2024.
Thus in conclusion, the PLI scheme has been a game changer for India’s electronics industry. It has created jobs, boosted exports, and reduced reliance on imports. With more companies investing in India, the country is on track to becoming a global leader in electronics manufacturing.
