Government Clears 10 Smartphone Makers For PLI Scheme As Part Of Atmanirbhar Bharat Push

India might become the next manufacturing hub of smartphones and electronics in the coming few years. The government of India has approved the applications of 16 electronics manufacturers under its Production-Linked Incentive (PLI) scheme, which aims to incentivise companies manufacturing in India a recent report has said. There are 10 mobile phone companies among the 16 electronics manufacturers that have been approved to avail the scheme, including Samsung Mobile, and Apple’s suppliers Foxconn, Wistron, and Pegatron. Domestic manufacturers approved by the government are Lava, Micromax (Bhagwati), Padget Electronics, UTL Neolyncs, and Optiemus Electronics.

The companies approved under the scheme are likely to promote exports. Out of a total production of items worth Rs. 10.5 lakh crores in the next five years, around 60 percent will contribute towards exports, the report said. Samsung has, according to sources committed to manufacturing Rs. 2.2 trillion worth of mobile devices worth Rs. 15,000 and above, since price is one of the key eligibility criteria for availing the government’s PLI scheme. Apple and Samsung together contribute to 60 percent of the global smartphone sales, and the PLI scheme will help increase their manufacturing in India.