Apple, Samsung boost India’s mobile phones exports to ₹1.2 trillion

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NEW DELHI : India’s mobile phone exports are expected to cross ₹1.2 trillion at the end of this financial year, reaching a major milestone propelled by the government’s thrust on phone makers such as Apple and Samsung to manufacture locally. The exports would account for nearly one-third of the total domestic production of mobile phones, projected at about ₹4.1 trillion in FY24, the Indian Cellular and Electronics Association said on Thursday. According to industry observers, a majority of the mobile phone exports by value are on account of Apple and Samsung devices. “Cumulative exports of mobile phones during the period...