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Apple and Samsung.
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Exports by the world's second-largest smartphone producer surged 44% last year from $14.2 billion in 2023, showed industry data shared exclusively with ET. Record overseas shipments of mobile phones mark an exception in India's overall exports performance across sectors which remained flat last year. «This incredible achievement (of surpassing $20 billion in mobile exports for the first time) has come within three years of the launch of the production linked incentive (PLI) scheme in 2021,» said an official.
Apple led India's robust export performance with a 65% share of total overseas shipments. Samsung contributed 20% with 15% coming from Indian firms and some re-exports of mobile handsets.
ET reported in its January 13 edition about Apple recording $12.8 billion worth of smartphone exports in 2024. Samsung contributed nearly $4 billion.
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