Union Commerce and Industry Minister Shri Piyush Goyal addresses the 4th AGM of Mobile and Electronic Devices Export Promotion Council

Ministry of Commerce & Industry Union Commerce and Industry Minister Shri Piyush Goyal addresses the 4th AGM of Mobile and Electronic Devices Export Promotion Council India Targets USD 500 Billion Electronics Output by 2030 India’s Electronics Exports Surge 41.9% to USD 22.2 Billion During April–September 2025; Smartphone Exports Up 58% India Becomes World’s 3rd Largest Smartphone Exporter Posted On: 29 OCT 2025 8:49PM by PIB Delhi Union Minister of Commerce and Industry Shri Piyush Goyal was the Chief Guest at the 4th Annual General Meeting (AGM) of the Mobile and Electronic Devices Export Promotion Council (MEDEPC) held today at Vanijya Bhawan, New Delhi.The meeting was convened in the presence of senior officials from the Ministry of Commerce and Industry, the Directorate General of Foreign Trade (DGFT), and leading representatives from India’s electronics and mobile export ecosystem. Speaking on the occasion, Union Minister Shri Piyush Goyal underscored the need to deepen domestic capabilities across the electronics value chain, noting that greater self-reliance in both finished products and components will be key to sustaining India’s export momentum and reducing import dependence. India’s electronics manufacturing sector is witnessing a period of unprecedented transformation — propelled by visionary policy initiatives, record investments, and expanding global partnerships. Aligned with the Hon’ble Prime Minister’s vision of achieving USD 500 billion in electronics manufacturing by 2030, India has rapidly positioned itself as a reliable global hub for electronics design, production, and exports. India’s export performance reflects a remarkable growth story, with overall electronics exports surging by 41.9%, reaching USD 22.2 billion during April–September 2025, compared to USD 15.6 billion in the same period last year. Smartphone exports grew by an impressive 58%, touching USD 13.38 billion, up from USD 8.47 billion in the corresponding period of 2024. In FY 2024–25, Indiarecorded USD 38.6 billion in electronics exports, a 32.6% year-on-year increase, firmly establishing its expanding role in global value chains. India now ranks as the third-largest smartphone exporter globally, a significant milestone in the country’s journey toward manufacturing leadership. India’s deepening participation in global value chains (GVCs) underscores its transformation into a resilient and trusted manufacturing hub, offering stability and scale amid global supply chain realignments. Increasing domestic sourcing of critical components — including batteries, chargers, camera and display modules — has further enhanced local value addition and self-reliance. Under the guidance of the Ministry of Commerce & Industry and DGFT, the government has undertaken a series of measures to simplify trade operations and enhance export competitiveness. Initiatives such as customs automation, single-window clearances, and export facilitation cells across major ports and industrial clusters have streamlined logistics and reduced compliance burdens for exporters. Ongoing Free Trade Agreement (FTA) negotiations with the EU, UK, and EFTA aim to unlock new market access opportunities for Indian electronics manufacturers. Meanwhile, the Electronics Component Manufacturing Scheme (ECMS) and the Production Linked Incentive (PLI) schemes are accelerating domestic manufacturing depth and reducing import dependence. The AGM also discussed India’s roadmap to achieve USD 180–200 billion in electronics exports by 2031, emphasizing the importance of policy consistency, robust infrastructure, green energy integration, and active industry collaboration. As the apex export promotion body for mobile phones and electronic devices, MEDEPC continues to play a central role in bridging industry and government priorities. By identifying policy bottlenecks, supporting exporters, and aligning with the industry’s growth vision, MEDEPC is driving initiatives that strengthen India’s global competitiveness and export capabilities. The meeting concluded with an acknowledgment of the Ministry of Commerce & Industry, DGFT, and all stakeholders for their continued support in shaping India’s electronics manufacturing and export success story. About MEDEPC The Mobile and Electronic Devices Export Promotion Council (MEDEPC), established under the aegis of the Ministry of Commerce & Industry, Government of India, serves as the apex body promoting exports of mobile phones, components, and electronic devices from India. Working closely with DGFT and the Department of Commerce, MEDEPC facilitates exporter support, policy advocacy, and global representation of India’s electronics industry. Through continuous engagement with industry and government, the Council is advancing India’s vision of becoming a trusted global hub for electronics manufacturing and exports. ***** AD/AN/SA (Release ID: 2183985) Visitor Counter : 157 Read this release in: Marathi