India phone exports more than doubled on-year to 3.6 Cr units in FY19-20

New Delhi: India’s phone exports for FY19-20 stood at 3.6 crore units, or more than double the previous year’s 1.7 crore units, according to data released by ministry of commerce on Wednesday.

“We have attracted interest from companies such global giant Samsung and Chinese OEMs in the mobile phone segment coupled with the right set of incentives for them,” said Faisal Kawoosa, founder and chief analyst, TechArc.

“The mass domestic market, which was underpenetrated for long, has provided an opportunity to these players to address local demand as well as set-up base here,” he added.