Electronic Goods Production in India to Hit $115 Bn in FY24: ICEA - PGurus

A Cash Kart Edit site Customize New Edit Post SEOFocus keyphrase not set Howdy, admin Log OutSkip to content A Cash Kart Electronic Goods Production in India to Hit $115 Bn in FY24: ICEA – PGurus India has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing till date The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular and Electronics Association (ICEA) on Sunday. To date, during this financial year, the country has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing. With a strong focus on deep manufacturing and greater degree of localization, the mobile phone industry has been able to achieve a state of near self-reliance in PCBAs, chargers, battery packs, cables, etc. The country is also moving towards the localization of other value chain items and substantial investments have been made in the localization of mechanics, die-cut parts, camera modules, display assemblies, etc. “Our focus should be largely on manufacturing for the world and no economy or sector can become great without creating a giant export base for its nation,” said Pankaj Mohindroo, Chairman, ICEA. “This is high time that the outstanding performance of the mobile phone manufacturing sector should be replicated in other verticals of the Indian electronics system design and manufacturing (ESDM) industry such as IT hardware, wearable and hearable, electronic components, etc,” he added. The government has set a target of achieving $300 billion worth of electronics manufacturing by 2025-26, with $100 billion expected to come from exports. Mobile phones alone are anticipated to contribute more than $50 billion worth of exports by 2025-26. “The future is also promising. The PLI 2.0 for IT Hardware with a capital outlay of Rs.17,000 crore and with a clear focus on value chain development, will surely yield impressive outcomes,” said the ICEA. [With Inputs from IANS] For all the latest updates, download PGurus App. Save my name, email, and website in this browser for the next time I comment. Δ source January 9, 2024 admin Uncategorized A Cash Kart Proudly powered by WordPress Electronic Goods india Electronic Goods Delhi Electronic Goods Bengaluru Electronic Goods Ahmedabad Electronic Goods Hyderabad Electronic Goods Chennai Electronic Goods Kolkata Electronic Goods Pune Electronic Goods Jaipur Electronic Goods Surat Electronic Goods Lucknow Electronic Goods Kanpur Electronic Goods Nagpur Electronic Goods Patna Electronic Goods Indore Electronic Goods Thane Electronic Goods Bhopal Electronic Goods Visakhapatnam Electronic Goods Vadodara Electronic Goods Firozabad Electronic Goods Ludhiana Electronic Goods Rajkot Electronic Goods Agra Electronic Goods Siliguri Electronic Goods Nashik Electronic Goods Faridabad Electronic Goods Patiala Electronic Goods Meerut Electronic Goods Kalyan-Dombivali Electronic Goods Vasai-Virar Electronic Goods Varanasi Electronic Goods Srinagar Electronic Goods Dhanbad Electronic Goods Jodhpur Electronic Goods Amritsar Electronic Goods Raipur Electronic Goods Allahabad Electronic Goods Coimbatore Electronic Goods Jabalpur Electronic Goods Gwalior Electronic Goods Vijayawada Electronic Goods Madurai Electronic Goods Guwahati Electronic Goods Chandigarh Electronic Goods Hubli-Dharwad Electronic Goods Amroha Electronic Goods Moradabad Electronic Goods Gurgaon Electronic Goods Aligarh Electronic Goods Solapur Electronic Goods Ranchi Electronic Goods Jalandhar Electronic Goods Tiruchirappalli Electronic Goods Bhubaneswar Electronic Goods Salem Electronic Goods Warangal Electronic Goods Mira-Bhayandar Electronic Goods Thiruvananthapuram Electronic Goods Bhiwandi Electronic Goods Saharanpur Electronic Goods Guntur Electronic Goods Amravati Electronic Goods Bikaner Electronic Goods Noida Electronic Goods Jamshedpur Electronic Goods Bhilai Nagar Electronic Goods Cuttack Electronic Goods Kochi Electronic Goods Udaipur Electronic Goods Bhavnagar Electronic Goods Dehradun Electronic Goods Asansol Electronic Goods Nanded-Waghala Electronic Goods Ajmer Electronic Goods Jamnagar Electronic Goods Ujjain Electronic Goods Sangli Electronic Goods Loni Electronic Goods Jhansi Electronic Goods Pondicherry Electronic Goods Nellore Electronic Goods Jammu Electronic Goods Belagavi Electronic Goods Raurkela Electronic Goods Mangaluru Electronic Goods Tirunelveli Electronic Goods Malegaon Electronic Goods Gaya Electronic Goods Tiruppur Electronic Goods Davanagere Electronic Goods Kozhikode Electronic Goods Akola Electronic Goods Kurnool Electronic Goods Bokaro Steel City Electronic Goods Rajahmundry Electronic Goods Ballari Electronic Goods Agartala Electronic Goods Bhagalpur Electronic Goods Latur Electronic Goods Dhule Electronic Goods Korba Electronic Goods Bhilwara Electronic Goods Brahmapur Electronic Goods Mysore Electronic Goods Muzaffarpur Electronic Goods Ahmednagar Electronic Goods Kollam Electronic Goods Raghunathganj Electronic Goods Bilaspur Electronic Goods Shahjahanpur Electronic Goods Thrissur Electronic Goods Alwar Electronic Goods Kakinada Electronic Goods Nizamabad Electronic Goods Sagar Electronic Goods Tumkur Electronic Goods Hisar Electronic Goods Rohtak Electronic Goods Panipat Electronic Goods Darbhanga Electronic Goods Kharagpur Electronic Goods Aizawl Electronic Goods Ichalkaranji Electronic Goods Tirupati Electronic Goods Karnal Electronic Goods Bathinda Electronic Goods Rampur Electronic Goods Shivamogga Electronic Goods Ratlam Electronic Goods Modinagar Electronic Goods Durg Electronic Goods Shillong Electronic Goods Imphal Electronic Goods Hapur Electronic Goods Ranipet Electronic Goods Anantapur Electronic Goods Arrah Electronic Goods Karimnagar Electronic Goods Parbhani Electronic Goods Etawah A Cash Kart Edit site Customize New Edit Post SEOFocus keyphrase not set Howdy, admin Log OutSkip to content A Cash Kart Electronic Goods Production in India to Hit $115 Bn in FY24: ICEA – PGurus India has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing till date The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular and Electronics Association (ICEA) on Sunday. To date, during this financial year, the country has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing. With a strong focus on deep manufacturing and greater degree of localization, the mobile phone industry has been able to achieve a state of near self-reliance in PCBAs, chargers, battery packs, cables, etc. The country is also moving towards the localization of other value chain items and substantial investments have been made in the localization of mechanics, die-cut parts, camera modules, display assemblies, etc. “Our focus should be largely on manufacturing for the world and no economy or sector can become great without creating a giant export base for its nation,” said Pankaj Mohindroo, Chairman, ICEA. “This is high time that the outstanding performance of the mobile phone manufacturing sector should be replicated in other verticals of the Indian electronics system design and manufacturing (ESDM) industry such as IT hardware, wearable and hearable, electronic components, etc,” he added. The government has set a target of achieving $300 billion worth of electronics manufacturing by 2025-26, with $100 billion expected to come from exports. Mobile phones alone are anticipated to contribute more than $50 billion worth of exports by 2025-26. “The future is also promising. The PLI 2.0 for IT Hardware with a capital outlay of Rs.17,000 crore and with a clear focus on value chain development, will surely yield impressive outcomes,” said the ICEA. [With Inputs from IANS] For all the latest updates, download PGurus App. Save my name, email, and website in this browser for the next time I comment. Δ source January 9, 2024 admin Uncategorized A Cash Kart Proudly powered by WordPress Electronic Goods india Electronic Goods Delhi Electronic Goods Bengaluru Electronic Goods Ahmedabad Electronic Goods Hyderabad Electronic Goods Chennai Electronic Goods Kolkata Electronic Goods Pune Electronic Goods Jaipur Electronic Goods Surat Electronic Goods Lucknow Electronic Goods Kanpur Electronic Goods Nagpur Electronic Goods Patna Electronic Goods Indore Electronic Goods Thane Electronic Goods Bhopal Electronic Goods Visakhapatnam Electronic Goods Vadodara Electronic Goods Firozabad Electronic Goods Ludhiana Electronic Goods Rajkot Electronic Goods Agra Electronic Goods Siliguri Electronic Goods Nashik Electronic Goods Faridabad Electronic Goods Patiala Electronic Goods Meerut Electronic Goods Kalyan-Dombivali Electronic Goods Vasai-Virar Electronic Goods Varanasi Electronic Goods Srinagar Electronic Goods Dhanbad Electronic Goods Jodhpur Electronic Goods Amritsar Electronic Goods Raipur Electronic Goods Allahabad Electronic Goods Coimbatore Electronic Goods Jabalpur Electronic Goods Gwalior Electronic Goods Vijayawada Electronic Goods Madurai Electronic Goods Guwahati Electronic Goods Chandigarh Electronic Goods Hubli-Dharwad Electronic Goods Amroha Electronic Goods Moradabad Electronic Goods Gurgaon Electronic Goods Aligarh Electronic Goods Solapur Electronic Goods Ranchi Electronic Goods Jalandhar Electronic Goods Tiruchirappalli Electronic Goods Bhubaneswar Electronic Goods Salem Electronic Goods Warangal Electronic Goods Mira-Bhayandar Electronic Goods Thiruvananthapuram Electronic Goods Bhiwandi Electronic Goods Saharanpur Electronic Goods Guntur Electronic Goods Amravati Electronic Goods Bikaner Electronic Goods Noida Electronic Goods Jamshedpur Electronic Goods Bhilai Nagar Electronic Goods Cuttack Electronic Goods Kochi Electronic Goods Udaipur Electronic Goods Bhavnagar Electronic Goods Dehradun Electronic Goods Asansol Electronic Goods Nanded-Waghala Electronic Goods Ajmer Electronic Goods Jamnagar Electronic Goods Ujjain Electronic Goods Sangli Electronic Goods Loni Electronic Goods Jhansi Electronic Goods Pondicherry Electronic Goods Nellore Electronic Goods Jammu Electronic Goods Belagavi Electronic Goods Raurkela Electronic Goods Mangaluru Electronic Goods Tirunelveli Electronic Goods Malegaon Electronic Goods Gaya Electronic Goods Tiruppur Electronic Goods Davanagere Electronic Goods Kozhikode Electronic Goods Akola Electronic Goods Kurnool Electronic Goods Bokaro Steel City Electronic Goods Rajahmundry Electronic Goods Ballari Electronic Goods Agartala Electronic Goods Bhagalpur Electronic Goods Latur Electronic Goods Dhule Electronic Goods Korba Electronic Goods Bhilwara Electronic Goods Brahmapur Electronic Goods Mysore Electronic Goods Muzaffarpur Electronic Goods Ahmednagar Electronic Goods Kollam Electronic Goods Raghunathganj Electronic Goods Bilaspur Electronic Goods Shahjahanpur Electronic Goods Thrissur Electronic Goods Alwar Electronic Goods Kakinada Electronic Goods Nizamabad Electronic Goods Sagar Electronic Goods Tumkur Electronic Goods Hisar Electronic Goods Rohtak Electronic Goods Panipat Electronic Goods Darbhanga Electronic Goods Kharagpur Electronic Goods Aizawl Electronic Goods Ichalkaranji Electronic Goods Tirupati Electronic Goods Karnal Electronic Goods Bathinda Electronic Goods Rampur Electronic Goods Shivamogga Electronic Goods Ratlam Electronic Goods Modinagar Electronic Goods Durg Electronic Goods Shillong Electronic Goods Imphal Electronic Goods Hapur Electronic Goods Ranipet Electronic Goods Anantapur Electronic Goods Arrah Electronic Goods Karimnagar Electronic Goods Parbhani Electronic Goods Etawah