India Would Import Mobile Phones Worth $8 Billion, Now Exporting $3 Billion Worth Of Them, Says PM
India used to buy mobile phones worth $8 billion seven years ago, but now exports such devices worth $3 billion while drastically lowering imports, Prime Minister Narendra Modi said on 15 August. While addressing the nation on Independence Day, he also noted that to support the flagship 'Make in India' programme, the government has announced a production-linked incentive (PLI) scheme.
"Electronic manufacturing sector is an example of the change that the scheme is bringing. Seven years ago we used to import mobile phones of approximately $8 billion. Now imports have reduced. Today, we are exporting mobile phones worth $3 billion," PM Modi said.
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