: PM Modi targets Rs 1 lakh cr mobile phone exports in 2023: MoS IT Rajeev Chandrasekhar #FinanceIndia #StockMarketNEWS PM Modi targets Rs 1 lakh cr mobile phone exports in 2023: MoS IT Rajeev Chandrasekhar

@StockMarketNEWS Wed 04 Jan, 2023

Posted in: #FinanceIndia #StockMarketNEWS

PM Modi targets Rs 1 lakh cr mobile phone exports in 2023: MoS IT Rajeev Chandrasekhar #FinanceIndia #StockMarketNEWS
PM Modi targets Rs 1 lakh cr mobile phone exports in 2023: MoS IT Rajeev Chandrasekhar New Delhi, Jan 3 (KNN) Reflecting on Prime Minister Narendra Modi’s vision for 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said that the PM Modi’s aim for 2023 is mobile phone exports worth Rs 1 lakh crore, with mobile phones featuring in the top 10 exported category.

Government will take all the measures that are required for boosting the electronics manufacturing ecosystem in the country, the minister told news agency PTI.

“In 2023 will look at widening the manufacturing base beyond mobile phone manufacturing,” he added.

The Minister further added that the government is working to broaden the electronic manufacturing ecosystem beyond mobile phones to increase global share in hearables and wearables segment, IT hardware, electronic components etc.

“By broadening and deepening the ecosystem, we are going to complement our mobile phone successes,” said the minister.

“The deepening strategy has been there in semiconductor space. It is very clear we want to do more in our component industry. In the broadening, while we are growing in mobile phone space, we want to do well in IT server and hardware space, wearable and hearable space. These are all areas that are fast growing globally,” the minister added.

He also expressed government’s intension to increase India’s market share in IT hardware and servers.

“We want to increase our market share for components and global market share in wearables and hearables,” he said assuring that if it requires any additional PLI or policy the government will do it. (KNN Bureau)