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Time of India
7 days ago
- Business
- Time of India
Electronics exports: India challenges China's dominance, eyes leadership in global manufacturing; mobile-led boom drives value, jobs
This is an AI-generate dimage, used for represesentational purposes only. India is all set to emerge as a key player in global electronics manufacturing, driven by strategic integration into global value chains (GVCs) and a sharp shift towards export-oriented policies. A report by the Centre for Development Studies (CDS) has highlighted that India, through "backwards-linked" GVC participation, has the potential to rival established players like China and Vietnam in the electronics manufacturing space. According to the CDS study, the Production Linked Incentive (PLI) Scheme launched in 2020 played a pivotal role in India's transformation from an import-heavy mobile phone market to a major production and export hub. Mobile phone exports, which stood at just $0.2 billion in 2017-18, skyrocketed to $24.1 billion in 2024-25, marking a staggering 11,950 per cent growth. The report also pointed to a significant rise in Domestic Value Addition (DVA) within mobile manufacturing. Total DVA touched 23 per cent in 2022-23, with over $10 billion generated domestically. Direct DVA rose from $1.2 billion to $4.6 billion, a 283 per cent jump, while indirect DVA, from domestic suppliers, grew 604 per cent to $3.3 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clearance Sale: Exclusive handcrafted handbags - now 70% off Handmakers Report Read Now Undo Job creation has expanded alongside this growth. Citing Annual Survey of Industries (ASI) data, the report said the mobile phone sector supported over 17 lakh jobs in 2022-23. Export-linked employment, in particular, rose more than 33 times, with notable improvements in wages. 'With the mobile phone manufacturing providing a blueprint for growth, India can replicate similar strategies across the electronics sector to position the country as a global manufacturing leader,' said CDS Director C Veeramani, as quoted by news agency ANI. He added that the broader electronics sector offers "enormous opportunities" waiting to be tapped. Pankaj Mohindroo, chairman of the India Cellular & Electronics Association (ICEA), echoed the findings, stating, 'This study reaffirms what ICEA has consistently advocated — that strategic integration into global value chains is critical for scaling exports, enhancing domestic value addition, and creating jobs.' The report recommended that policymakers continue to focus on an outward-oriented strategy, suggesting liberalised trade policies, correction of tariffs, and ecosystem development including investment in logistics. It also urged the government to prioritise scale before enforcing early-stage localisation to ensure competitiveness. India's electronics exports rose 47 per cent to $12.41 billion during the April-June quarter of FY26, as per commerce ministry data. The US, UAE, and China were the top destinations, with the US accounting for over 60 per cent of shipments. Officials noted that this growing geographical spread reflects India's increasing integration into global supply chains and its rise as a credible manufacturing alternative in Asia. The CDS study underlines this momentum, calling for continued reforms to cement India's role as a central node in global electronics manufacturing and to unlock growth across other sectors. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
19-07-2025
- Business
- News18
Apple Ships $5-Billion iPhones From India In Q1 FY26, India's Smartphone Exports Hit $7 Billion
Last Updated: India's total smartphone exports cross $7 billion in the June quarter, marking over 40% growth year-on-year from approximately $5 billion in Q1 FY25. Apple has exported over $5 billion worth of iPhones from India during the April–June quarter of FY26, accounting for nearly 70% of the country's total smartphone exports, according to preliminary data reviewed by Moneycontrol. This is a sharp rise from around $3 billion in the same quarter last year, underscoring India's growing role in global electronics manufacturing. Fuelled by Apple's ongoing production ramp-up via Foxconn and Tata Electronics, India's total smartphone exports crossed $7 billion in the June quarter, marking over 40% growth year-on-year from approximately $5 billion in Q1 FY25. While Apple's iPhone exports remained strong, they were slightly lower than the January-March quarter, when shipments touched Rs 48,000 crore ($5.58 billion). That earlier spike was partially driven by Apple building inventory ahead of new U.S. import tariffs effective April 2. A slight dip in Q1 is typical, as global demand softens in anticipation of new iPhone launches in September. Foxconn and Tata Lead the Export Charge Foxconn contributed the majority of iPhone shipments in the quarter, with Tata Electronics — which recently took over Pegatron's operations — also playing a significant role. A large portion of India-made iPhones continues to be exported to the US market. Moneycontrol report cited an industry executive as saying. The executive further noted that the entire $2 billion jump in India's electronics exports in Q1 came solely from smartphones. In FY25, India's smartphone production touched $64 billion, with exports accounting for $24.1 billion — or about 38% of the total output. From being ranked 167th among export categories in FY15, smartphones have now emerged as India's third-largest export by FY25, trailing only engineering goods and petroleum products. China's Informal Restrictions Raise Concerns The Indian Cellular and Electronics Association (ICEA), which represents major players including Apple, Foxconn, Tata Electronics, Google, Dixon, Lava, Oppo, and Xiaomi, has raised alarms over China's informal trade restrictions. In a letter dated July 1 to IT Minister Ashwini Vaishnaw, ICEA warned that such disruptions pose a risk to India's $32 billion export-linked electronics manufacturing and the gains made under the Production Linked Incentive (PLI) scheme. The industry describes these measures as 'carefully calibrated" restrictions that are impacting the import of capital equipment, critical minerals, and Chinese skilled technical personnel — resources vital for scaling up electronics production. 'The interventions by the Government will ensure supply chain continuity, enable technology transfers, and—most importantly—preserve India's competitiveness as a manufacturing hub by keeping overall manufacturing costs low," ICEA Chairman Pankaj Mohindroo wrote in the letter, which was also sent to the Prime Minister's Office, Ministry of External Affairs, and DPIIT. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
12-07-2025
- Business
- Time of India
ICEA Chairman welcomes rare earth magnet incentives, terms it 'timely' intervention
New Delhi: Pankaj Mohindroo, Chairman of India Cellular and Electronics Association (ICEA), welcomed the central government initiatives to ramp up rare earth magnets production in India, particularly the incentives the latter is earmarking for. ICEA is the apex industry body representing the entire electronics sector. "We are extremely excited, although this will make set up capacities in the longer run, but the intention is very good and I think it is very timely because the industry is facing a bit of a crisis and the supply of magnets is quite difficult to procure if we set up independent Capacity here," the ICEA Chairman told ANI. "It will be a true triumph. We are very excited about this announcement. The magnets is a core industry, and the processing of rare earths and metals is a very core industry. It's a very good development. I think this is a substantial sum of money. The scheme is well articulated. We'll go through the details and we will fully support the government in this great initiative," he added. The central government has earmarked ₹1,345 crore to incentivise rare earth magnets production in India, aimed at building domestic capacity when there are reports of global short supply. "Some progress is going on (on the rare earth magnet production front). We have already allocated ₹1,345 crore (for subsidy). We are on course to select the manufacturers," Minister for Heavy Industries HD Kumaraswamy told reporters at a press conference earlier today. Heavy Industries Secretary Kamran Rizvi, accompanying the minister, said the scheme has been circulated and it is currently under inter-ministerial consultation. "We are interested only in magnets. Anybody who gives us magnets will get incentives," the top official said. It is expected that there will be at least 2 manufacturers who will participate in this program. Early this April, China announced a decision to implement export controls on certain rare earth-related items, pushing a supply shortage across the world, including India. India was in touch with the Chinese side, seeking predictability in the supply of rare earth metals -- which had been put under the export controls regime by the Xi administration. China's overwhelming control of global rare earth processing - commanding over 90 per cent of the world's magnet production capacity - has created significant vulnerabilities for industries worldwide. These materials are critical across multiple sectors, including automobiles, home appliances, and clean energy systems. Beyond China, there are only a few alternative suppliers of critical minerals. Finance Minister Nirmala Sitharaman announced the setting up of the Critical Mineral Mission in the Union Budget for 2024-25 on July 23, 2024. The Union Cabinet in January 2025 approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of ₹16,300 crore and an expected investment of ₹18,000 crore by Public Sector Undertakings. Recently, Union Minister for Coal and Mines G Kishan Reddy said the central government is actively encouraging private companies to mine and explore critical minerals overseas and bring them back into the country to serve the needs of the domestic industry. (ANI)
India Gazette
11-07-2025
- Business
- India Gazette
ICEA Chairman welcomes rare earth magnet incentives, terms it
New Delhi [India], July 11 (ANI): Pankaj Mohindroo, Chairman of India Cellular and Electronics Association (ICEA), welcomed the central government initiatives to ramp up rare earth magnets production in India, particularly the incentives the latter is earmarking for. ICEA is the apex industry body representing the entire electronics sector. 'We are extremely excited, although this will make set up capacities in the longer run, but the intention is very good and I think it is very timely because the industry is facing a bit of a crisis and the supply of magnets is quite difficult to procure if we set up independent Capacity here,' the ICEA Chairman told ANI. 'It will be a true triumph. We are very excited about this announcement. The magnets is a core industry, and the processing of rare earths and metals is a very core industry. It's a very good development. I think this is a substantial sum of money. The scheme is well articulated. We'll go through the details and we will fully support the government in this great initiative,' he added. The central government has earmarked Rs 1,345 crore to incentivise rare earth magnets production in India, aimed at building domestic capacity when there are reports of global short supply. 'Some progress is going on (on the rare earth magnet production front). We have already allocated Rs 1,345 crore (for subsidy). We are on course to select the manufacturers,' Minister for Heavy Industries HD Kumaraswamy told reporters at a press conference earlier today. Heavy Industries Secretary Kamran Rizvi, accompanying the minister, said the scheme has been circulated and it is currently under inter-ministerial consultation. 'We are interested only in magnets. Anybody who gives us magnets will get incentives,' the top official said. It is expected that there will be at least 2 manufacturers who will participate in this program. Early this April, China announced a decision to implement export controls on certain rare earth-related items, pushing a supply shortage across the world, including India. India was in touch with the Chinese side, seeking predictability in the supply of rare earth metals -- which had been put under the export controls regime by the Xi administration. China's overwhelming control of global rare earth processing - commanding over 90 per cent of the world's magnet production capacity - has created significant vulnerabilities for industries worldwide. These materials are critical across multiple sectors, including automobiles, home appliances, and clean energy systems. Beyond China, there are only a few alternative suppliers of critical minerals. Finance Minister Nirmala Sitharaman announced the setting up of the Critical Mineral Mission in the Union Budget for 2024-25 on July 23, 2024. The Union Cabinet in January 2025 approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by Public Sector Undertakings. Recently, Union Minister for Coal and Mines G Kishan Reddy said the central government is actively encouraging private companies to mine and explore critical minerals overseas and bring them back into the country to serve the needs of the domestic industry. (ANI)
Time of India
09-07-2025
- Business
- Time of India
Policy intervention can help unlock $3.5-billion li-ion battery recycling, production in India: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India Cellular and Electronics Association (ICEA) and Accenture said on report estimates that without any policy intervention and measures to facilitate investments, the present lithium battery (LiB) recycling expansion plans have the potential to generate revenue in the range of USD 500-1,000 million between 2025 and report has suggested measures to enhance cell manufacturing capacity, increase domestic recycling capacity through schemes like PLI, facilitate the trade of LiB scrap and black mass and improve reverse logistics and collection of domestic scrap."The proposed interventions will improve the domestic LiB ecosystem and unlock a total economic value of USD 3.5 billion, create 27,000 to 41,000 jobs, reduce emissions by 28 to 75 kT CO2e (kilotonnes of carbon dioxide equivalent), and enable water savings of approximately 5,700 million gallons by 2030," the report 39 per cent of consumer electronics batteries that have reached their end of life (EoL) do not get collected, it said."Among the batteries that do enter collection streams, the majority (around 80 per cent) as of today are handled by unregulated informal channels. As a result, 45 per cent of collected batteries fail to reach formal mechanical recyclers. Additionally, around 2-8 per cent of the EoL batteries reaching formal recyclers, fail quality checks due to improper handling by informal collectors," the report Chairman Pankaj Mohindroo said sustainability is "one of the most promising economic opportunities of our time"."Battery recycling sits at the intersection of India's environmental priorities and its strategic autonomy in critical minerals. With the right policy support and entrepreneurial drive, India can unlock a USD 3.5 billion circular battery economy, reduce import dependencies, and establish itself as a global powerhouse in clean technologies," he also announced the launch of Centre of Sustainability for Pure Chatterjee -- global recycling expert and senior advisor at SERI, a non-profit body -- said iPhone uses about 69 elements and companies in India don't have the necessary technology to recycle several critical elements that can be used in the high-end demanded that India impose restrictions on the export of black mass -- the state of battery after end of its life cycle. China has banned the export of black mass, he to the report, due to limited domestic hydrometallurgical recycling capacity, India has no restrictions on black mass Pollution Control Board (CPCB) Scientist-F & Division Head, WM-I, V P Yadav, said India lacks the technology to extract elements from batteries that can be put to use in the industry."Unless recycled material becomes cheaper than raw materials, no one will use it. Manufacturers will make product using cheaper materials," he said he received feedback from a lithium ion battery maker that the quality of recycled material in the country is not of the quality that can be used for manufacturing products.
