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.