Premiumisation to drive mobile phone production, exports in value terms: S Krishnan

New Delhi: Demand for premium mobile phones will drive handset production and export growth in value terms, aligning with the targets under the production-linked incentive scheme, a senior government official told PTI.

While industry experts have projected de-growth in sales volume of mobile phones, the government, under ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS), has projected growth in domestic production of smartphones to ₹39 lakh crore from around ₹11.5 lakh crore as well as double exports to ₹15 lakh crore during the scheme period from ₹7.5 lakh crore under production linked incentive (PLI) scheme.