The Indian telecommunications industry has witnessed healthy growth as telecom equipment manufacturing sales have exceeded a total of Rs 50,000 crore within three years of the telecom Production Linked Incentive (PLI) scheme.
The gap between telecom exports and imports has also reduced in FY23-24, with the total value of goods exported, including telecom equipment and mobiles, amounting to Rs 1.49 lakh crore, compared to imports of over Rs 1.53 lakh crore in FY23-24.
Sales of telecom and networking products by the PLI beneficiary companies have increased by 370 percent in Financial Year (FY) 2023-24 compared to the base year (FY19-20). The telecom PLI scheme has also attracted a total investment of Rs 3,400 crore, along with exports totaling approximately Rs 10,500 crore within three years. The scheme has also led to employment generation, with more than 17,800 direct jobs created in manufacturing and research and development.
As a result of the PLI scheme for large-scale electronic manufacturing, both the production and export of mobile phones from India have registered growth. In 2023-24, over 33 crore units were produced in the country compared to 5.8 crore units in 2014-15. The value of mobile phone exports has also increased from Rs 1,556 crore in 2014-15 to Rs 1,28,982 crore in 2023-24. On the other hand, the value of mobile phone imports has dropped from Rs 48,609 crore in 2014-15 to Rs 7,665 crore in 2023-24.
Over the last five years, the trade deficit in telecom has reduced from Rs 68,000 crore to Rs 4,000 crore, indicating a shift towards the central government’s vision of Atmanirbhar Bharat (self-reliant India). The PLI scheme has led to a significant increase in production, employment generation, economic growth, and exports in the country.
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