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The Hindu
24-07-2025
- Business
- The Hindu
India's mobile phone exports rise 127 times to ₹2 lakh crore in 10 years
Export of mobile phones from India increased by 127 times to reach ₹2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday (July 23, 2025). According to data shared by Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from ₹1,500 crore in 2014-15 to ₹2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of ₹12,390 crore, led to a cumulative production of ₹8,44,752 crore with exports of₹4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till June 2025," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75% of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02% in 2024-25. "PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India from a net importer to a net exporter of mobile phones. Bharat is now the second largest mobile manufacturing country in the world," the Minister said. Prasada said the PLI Scheme 2.0 for IT hardware has attracted a cumulative investment of ₹717.13 crore, led to a cumulative production of ₹12,195.84 crore and generated additional employment of 5,056 (direct jobs) till June. "Total FDI in the field of electronics manufacturing in the last 5 years (i.e. since FY 2020-21) is $4,071 million, cumulative FDI of $2,802 million has been contributed by MeitY PLI beneficiaries," the minister said.
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Business Standard
23-07-2025
- Business
- Business Standard
Mobile phone exports soar to ₹2 trillion, up 127 times in 10 years: Govt
The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25 Press Trust of India New Delhi Export of mobile phones from India increased by 127 times to reach ₹2 trillion in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from₹ 1,500 crore in 2014-15 to₹ 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of ₹8,44,752 crore with exports of ₹4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India from a net importer to a net exporter of mobile phones. Bharat is now the second largest mobile manufacturing country in the world," the minister said. Prasada said the PLI Scheme 2.0 for IT hardware has attracted a cumulative investment of ₹717.13 crore, led to a cumulative production of ₹12,195.84 crore and generated additional employment of 5,056 (direct jobs) till June. "Total FDI in the field of electronics manufacturing in the last 5 years (i.e. since FY 2020-21) is $4,071 million, cumulative FDI of $2,802 million has been contributed by MeitY PLI beneficiaries," the minister said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
05-05-2025
- Business
- Mint
Small-cap stock jumps over 18% after Q4 results 2025, 125% dividend. Do you own?
Netweb Technologies share price jumped over 18% in early trade on Monday after the company announced its Q4 results 2025 and declared a dividend. The small-cap stock, Netweb Technologies shares spiked as much as 18.37% to ₹ 1,681.45 apiece on the BSE. The high-end computing solutions provider Netweb Technologies India reported a net profit of ₹ 43 crore for the fourth quarter of FY25, registering a growth of 45% from ₹ 29.65 crore in the year-ago period, driven by growth in its AI systems segment. The company's revenue from operations in Q4FY25 jumped 55.9% to ₹ 414.6 crore from ₹ 265.89 crore, year-on-year (YoY). For full-year FY25, the total income surged 57.4% YoY to a record ₹ 1,158.4 crore. Diluted earnings per share rose 45.8 % to ₹ 20.24. At the operational level, EBITDA during the March 2025 quarter grew 47.9% to ₹ 59.77 crore from ₹ 40.42 crore, while EBITDA margin contracted by 79 basis points (bps) to 14.4% from 15.2%, YoY. Netweb Technologies said its income from AI Systems grew by 112% YoY during FY25, and its contribution to the company's operating revenue increased to 14.8% during the same period. The order book as on 31 March 2025 stood at ₹ 325.2 crore. 'We received our first claim under the PLI Scheme 2.0 for IT hardware, amounting to ₹ 59.4 Mn for the period from July 1, 2023, to March 31, 2024. This achievement underscores the success of the PLI scheme in boosting domestic production and creating employment opportunities,' said Sanjay Lodha, Chairman and Managing Director, Netweb Technologies. The company launched in FY25, a unified solution to set up a GPU-based AI infrastructure on the go that optimizes GPU resource management and simplifies deployment, he added. The board of directors of Netweb Technologies India recommended a dividend of ₹ 2.5 per share, aggregating to 125% of face value of ₹ 2 each. The dividend is subject to the approval of shareholders at the ensuing Annual General meeting, (AGM) which will be paid to the shareholders within 30 days of declaration of the same at the ensuing AGM, the company said. Netweb Technologies share price gained 10% in one month, but the small-cap stock has declined 43% on a year-to-date (YTD) basis. Netweb Technologies shares have fallen 38% in six months and the small-cap stock is down 11% in one year. At 10:20 AM, Netweb Technologies share price was trading 16.53% higher at ₹ 1,655.30 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 5 May 2025, 10:24 AM IST
