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.
BSF apprehends 19 Bangladeshis, three Indians in Tripura
The Border Security Force (BSF) have arrested 19 Bangladesh nationals and three Indian nationals including a tout from different districts of Tripura, officials said on Wednesday.
J.P. Nadda to address mega rally on 2nd anniversary of BJP 2.0 govt in Tripura
Bharatiya Janata Party (BJP) President J.P. Nadda will address a massive public rally in Agartala on March 9 on the occasion of the second anniversary of the Manik Saha-led BJP 2.0 government in Tripura.
Mukhyamantri Samipeshu: CM Manik Saha extends assistance to people
In the 38th edition of the Mukhyamantri Samipeshu, citizens from various parts of the state met Chief Minister Prof. (Dr.) Manik Saha to seek assistance regarding their grievances and issues.
MP Kriti Devi Debbarman chairs DISHA meeting, reviews progress of various projects
The Khowai District Disha Committee meeting was held today at the conference hall of the District Magistrate's Office, presided over by MP Kriti Devi Debbarman. The meeting focused on reviewing the progress of various central and state government projects being implemented by different departments in the district.
CM visits TIPRA Motha President BK Hrangkhawl in Hospital
Chief Minister Prof. Dr. Manik Saha today visited TIPRA Motha Party President and veteran leader Bijoy Kumar Hrangkhawl, who is currently receiving treatment at a private hospital in Agartala following an illness.
Tripura Traffic Inspector held for Rs 74 Lakh embezzlement
Tripura Police on Wednesday arrested an Inspector of its traffic unit for allegedly embezzling Rs 74 lakh from the Bishalgarh Traffic Police Unit under Sepahijala District.
87 investors signed MoUs to invest Rs 3,700 crore in Tripura: CM Saha
Tripura Chief Minister Manik Saha on Tuesday said that 87 investors from different parts of the country signed Memorandums of Understanding (MoUs) promising to invest Rs 3,700 crore across different sectors, during the recent investors’ summit in Agartala.
Mizoram capital to come on Indian railway map within 5 months
Mizoram's Aizawl will be the fourth capital city in the northeast region to be joined by a railway link, and within five months, with the Bairabi-Sairang new line project at an advanced completion stage, officials said on Tuesday.