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Time of India
a day ago
- Business
- Time of India
India emerges as top smartphone supplier to US; electronics manufacturing stands at ₹12 lakh cr: Vaishnaw
Union Minister Ashwini Vaishnaw on Sunday said India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth ₹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 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 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% 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% of all mobile phones which are sold in India are made in India. The manufacturing value of mobile phones has surged from ₹18,900 crore in FY14 to a staggering ₹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.
Time of India
4 days ago
- Business
- Time of India
PM to flag off 3 new Vande Bharat trains tomorrow
Pune: Prime Minister Narendra Modi will flag off three Vande Bharat trains tomorrow including — Ajni (Nagpur)-Pune, KSR Bengaluru-Belgavi and Shree Mata Vaishnodevi Katra-Amritsar — from KSR Bengaluru railway station. Maharashtra will get its 12th Vande Bharat running between Ajni (Nagpur) and Pune, Central Railway officials said. The train will be beneficial for businessmen, students and employees proceeding on regular travel and special tours. It will also promote tourism apart from increasing the avenues of trade and commerce, officials claimed. The Ajni (Nagpur)- Pune Vande Bharat Express will be the longest-running Vande Bharat, covering a distance of 881km. It will be the fastest train between Nagpur and Pune with a speed of 73km/h and 10 intermediate stoppages. Pune-Ajni Vande Bharat Express (26101 ) will depart from Pune station six days a week (except Tuesday) at 6.25am from August 11 and arrive at Ajni at 6.25pm the same day. Ajni-Pune Vande Bharat Express (26102 ) will depart from Ajni Station six days a week (except Monday) at 9.50am from August 12 and arrive at Pune at 9.50pm the same day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walmart Photos With a New Level of Detail Old Money Style Undo The halts include Wardha, Badnera, Akola, Shegaon, Bhusaval, Jalgaon, Manmad, Kopargaon, Ahmednagar, and Daund Chord Line. The train will have eight coaches — an Executive Chair Car (EC) and seven Chair Car (CC), seating a total of 590 passengers. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
