NEW DELHI (Reuters) – India expects its mobile phones exports to rise to 700 billion rupees ($8.50 billion) to 750 billion rupees ($9.11 billion) this fiscal year, a government minister said on Thursday.
The exports will be of “classic and leading brands”, including products of companies like Apple Inc made in India, said Rajeev Chandrasekhar, minister of state for electronics and technology.
Exports were $5.8 billion in the last fiscal year that ended on March 31, according to media reports.
($1 = 82.3640 Indian rupees)
(Reporting by Sarita Chaganti Singh, writing by Shivam Patel in New Delhi; Editing by Krishna N. Das)
