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Image Credit: Bloomberg Quint

Move Over Kanjeevarams! At Nearly Rs 1 Lakh Crore, India's Silk Capital Is Now Its Smartphone Capital

  • Kanchipuram, known for its silk sarees, has emerged as India's top smartphone exporter, surpassing even Karnataka's Kolar.
  • In the last fiscal year, Kanchipuram exported smartphones valued at nearly Rs 1 lakh crore, while Kolar stood at around Rs 0.43 lakh crore.
  • This shift signifies Kanchipuram's economic evolution from traditional silk sarees to modern technology, reflecting the changing times.
  • India's smartphone exports have seen a significant boost, making the country the second largest smartphone producer globally, supported by PLI schemes.

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