The mobile phone industry has reason to cheer as the Finance Ministry’s tax cut and policy initiative is set to help boost production to $190 billion by 2025, Indian Cellular and Electronics Association (ICEA) data shows. As per ICEA, handsets produced in India for Fy18-19 numbered 290 million units worth Rs 181,000 crore (nearly $25 billion).

“With such an enabling policy environment, it will not be impossible to reach the mobile handset manufacturing target of $190 billion by 2025. This is about 50 per cent of the total electronics manufacturing target with a total export target of $110 billion,” ICEA Chairman Pankaj Mohindroo said.

The mobile phone industry has reason to cheer as the Finance Ministry’s tax cut and policy initiative is set to help boost production to $190 billion by 2025, Indian Cellular and Electronics Association (ICEA) data shows. As per ICEA, handsets produced in India for Fy18-19 numbered 290 million units worth Rs 181,000 crore (nearly $25 billion).“With such an enabling policy environment, it will not be impossible to reach the mobile handset manufacturing target of $190 billion by 2025. This is about 50 per cent of the total electronics manufacturing target with a total export target of $110 billion,” ICEA Chairman Pankaj Mohindroo said.

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