India Emerges as Top Smartphone Supplier to the U.S., Union Minister Ashwini Vaishnaw Announces
Bengaluru (Karnataka), [India], August 10 (ANI): Union Minister Ashwini Vaishnaw on Sunday said India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth Rs 12 lakh crore.
Highlighting the government’s vision, Vaishnaw addressing the inauguration ceremony of Metro projects in Bengaluru today, said that India’s electronic production has grown six times in the last 11 years.
Also Read | Sanju Samson Recalls India Cricket Team Head Coach Gautam Gambhir’s Words, Says ‘Will Remove You From the Team Only if You Scored 21 Ducks’ (Watch Video).
The Railway Minister further pointed out the exponential rise in electronic exports, which have increased eightfold to reach 3 lakh crore rupees. Vaishnaw also noted India’s position as the world’s second-largest manufacturer of mobile phones, underscoring the country’s expanding role in the global electronics market.
This growth reflects India’s focus on becoming a global hub for technology production, making advanced electronics more widely available and supporting the Prime Minister’s goal of inclusive access to technology for all citizens, Vaishnaw said. “Our electronic production has grown 6 times in the last 11 years. Today, electronics manufacturing has touched 12 lakh crore rupees. Electronic exports have increased by 8 times… Today, it has grown to 3 lakh crore rupees. India has become the second-largest manufacturer of mobile phones in the world,” he said.
Also Read | PM Modi in Bengaluru: Karnataka CM Siddaramaiah, Dy CM DK Shivakumar Share Warm Moments With PM Narendra Modi During Namma Metro’s Yellow Line Launch (Watch).
According to official government data, India has made significant progress in mobile and electronics manufacturing, becoming the world’s 2nd largest mobile manufacturing country. In 2014, India had only 2 mobile manufacturing units, but fast forward to today, the nation boasts over 300 manufacturing units, underscoring a significant expansion in this vital sector.
In 2014-15, only 26 percent of the mobile phones which were being sold in India were made in India; the rest were being imported. It is worth mentioning that today, 99.2 percent of all mobile phones which are sold in India are made in India. The manufacturing value of mobile phones has surged from Rs 18,900 crore in FY14 to a staggering Rs 4,22,000 crore in FY24.
Meanwhile, Prime Minister Narendra Modi earlier today flagged off three Vande Bharat Trains – Ajni(Nagpur)-Pune Vande Bharat, KSR Bengaluru-Belgavi Vande Bharat, and the Shree Mata Vaishnodevi Katra-Amritsar from KSR Bengaluru Railway station.
With these additions, the total number of Vande Bharat trains in the country will rise to 150 (75 pairs), Vaishnaw posted on X. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia’s leading multimedia news agency with over 100 bureaus in India, South Asia, and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
India Emerges as Top Smartphone Supplier to the U.S., Union Minister Ashwini Vaishnaw Announces
Bengaluru (Karnataka), [India], August 10 (ANI): Union Minister Ashwini Vaishnaw on Sunday said India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth Rs 12 lakh crore.
Highlighting the government’s vision, Vaishnaw addressing the inauguration ceremony of Metro projects in Bengaluru today, said that India’s electronic production has grown six times in the last 11 years.
Also Read | Sanju Samson Recalls India Cricket Team Head Coach Gautam Gambhir’s Words, Says ‘Will Remove You From the Team Only if You Scored 21 Ducks’ (Watch Video).
The Railway Minister further pointed out the exponential rise in electronic exports, which have increased eightfold to reach 3 lakh crore rupees. Vaishnaw also noted India’s position as the world’s second-largest manufacturer of mobile phones, underscoring the country’s expanding role in the global electronics market.
This growth reflects India’s focus on becoming a global hub for technology production, making advanced electronics more widely available and supporting the Prime Minister’s goal of inclusive access to technology for all citizens, Vaishnaw said. “Our electronic production has grown 6 times in the last 11 years. Today, electronics manufacturing has touched 12 lakh crore rupees. Electronic exports have increased by 8 times… Today, it has grown to 3 lakh crore rupees. India has become the second-largest manufacturer of mobile phones in the world,” he said.
Also Read | PM Modi in Bengaluru: Karnataka CM Siddaramaiah, Dy CM DK Shivakumar Share Warm Moments With PM Narendra Modi During Namma Metro’s Yellow Line Launch (Watch).
According to official government data, India has made significant progress in mobile and electronics manufacturing, becoming the world’s 2nd largest mobile manufacturing country. In 2014, India had only 2 mobile manufacturing units, but fast forward to today, the nation boasts over 300 manufacturing units, underscoring a significant expansion in this vital sector.
In 2014-15, only 26 percent of the mobile phones which were being sold in India were made in India; the rest were being imported. It is worth mentioning that today, 99.2 percent of all mobile phones which are sold in India are made in India. The manufacturing value of mobile phones has surged from Rs 18,900 crore in FY14 to a staggering Rs 4,22,000 crore in FY24.
Meanwhile, Prime Minister Narendra Modi earlier today flagged off three Vande Bharat Trains – Ajni(Nagpur)-Pune Vande Bharat, KSR Bengaluru-Belgavi Vande Bharat, and the Shree Mata Vaishnodevi Katra-Amritsar from KSR Bengaluru Railway station.
With these additions, the total number of Vande Bharat trains in the country will rise to 150 (75 pairs), Vaishnaw posted on X. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia’s leading multimedia news agency with over 100 bureaus in India, South Asia, and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
India Emerges as Top Smartphone Supplier to the U.S., Union Minister Vaishnaw Announces
Bengaluru, Karnataka — In a significant milestone for India’s electronics sector, Union Minister Ashwini Vaishnaw announced on Sunday that India has become the leading supplier of smartphones to the United States. Speaking at the inauguration ceremony of new Metro projects in Bengaluru, Vaishnaw highlighted that the country’s electronics manufacturing industry has surged to a remarkable ₹12 lakh crore.
Vaishnaw emphasized the government’s vision for a robust electronics ecosystem, noting that production has increased sixfold over the past 11 years. “Our electronic production has grown six times in the last 11 years. Today, electronics manufacturing has touched ₹12 lakh crore. Electronic exports have increased by eight times, now reaching ₹3 lakh crore,” he stated.
The Minister also pointed out that India has solidified its position as the world’s second-largest manufacturer of mobile phones, reflecting the country’s expanding role in the global electronics market. This growth aligns with Prime Minister Narendra Modi’s ambition to establish India as a global hub for technology production, ensuring that advanced electronics are accessible to all citizens.
According to official government data, the transformation in mobile and electronics manufacturing has been remarkable. In 2014, India had only two mobile manufacturing units; today, that number has skyrocketed to over 300. Previously, only 26% of mobile phones sold in India were manufactured domestically, but now, an impressive 99.2% are made in India. The manufacturing value of mobile phones has surged from ₹18,900 crore in FY14 to an astounding ₹4,22,000 crore in FY24.
In addition to the electronics announcement, Prime Minister Modi also flagged off three new Vande Bharat trains from KSR Bengaluru Railway Station, bringing the total number of these high-speed trains in India to 150. This development is part of the government’s broader initiative to enhance transportation infrastructure across the country.
As India continues to make strides in electronics manufacturing and transportation, the future looks promising for the nation’s economy and its position in the global market.
