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Image Credit: Bloomberg Quint

iPhone Shipments Make Up 75% Of India's Record Rs 2-Lakh-Crore Smartphone Exports

  • Smartphone exports in the last financial year crossed a record Rs 2 lakh crore, a jump of 54% year-on-year in shipments, Minister for Electronics and IT Ashwini Vaishnaw said.
  • Of that, shipments for Apple's iPhone exports are worth Rs 1.5 lakh crore alone, Vaishnaw told reporters in New Delhi.
  • Guidelines for the Union government's Rs 22,919-crore Electronics Components Scheme will be rolled out within the next three weeks.
  • The scheme will have a multiplier impact for many sectors, and the government aims to achieve 40% value addition in electronics manufacturing within five years.

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