New Delhi, Feb. 18 -- India's mobile phone manufacturing industry has reached an unprecedented milestone, with exports soaring to a record Rs 1.5 lakh crore in January 2025, according to the India Cellular and Electronics Association (ICEA).

The ICEA added in a release that the uptick marks a major leap from the previous export record of Rs 22,868 crore set in Financial Year (FY) 2020-21, underlining the transformative impact of the government's Production Linked Incentive (PLI) scheme.

As per ICEA, mobile phone production witnessed a rise, doubling from Rs 2,20,000 crore in FY23-24 to Rs 4,22,000 crore.

Making projections, the ICEA added that production is set to reach an estimated Rs 5,10,000 crore in FY24-25, further cementing India...