Union telecom minister Jyotiraditya Scindia says investment in India at present makes economic sense for every original equipment manufacturer, as he cited the example of US smart devices major Apple's decision to source majority of the iPhones sold in the US from the country.

While speaking at the Bharat Telecom event, Jyotiraditya Scindia says that the investment in India at present is not just an act of goodwill alone, but it makes economic sense for every OEM (original equipment manufacturer).

"Apple has decided to source and produce all its mobile phones in India in the years to come. When you invest in India, you are choosing affordability, you are choosing reliability, you are choosing originality,” Jyotiraditya.

The telecom equipment market aided by the government's production-linked incentive scheme has witnessed multifold growth.

"Investment of Rs 4,000 crore, half a billion dollars alone, has resulted in sales of Rs 80,000 crore, Rs 16,000 crore in exports, and 25,000 jobs being created. Therefore, the telecom equipment market has also grown manifold in India,” adds the minister.

Minister of State for Telecommunications Chandra Sekhar Pemmasani said India from being a large importer of mobile phones, around 2014; India has now become a large producer and exporter of mobile phones.

India's mobile phone industry has transformed from making 60 lakh units and importing 21 crore mobile phones in 2014 to a total production of 33 crore mobile phones in 2024 and 5 crore units of exports.

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“Further, if you look around the global iPhone output, 15 per cent of that iPhone output today comes from India. The establishment of semiconductor fabrication facilities on Indian soil marks a watershed moment in our technological sovereignty,” says Chandra Sekhar.