Summary:

A smartphone Production-Linked Incentive (PLI) 2.0 scheme for 2026–31 has been proposed by India's electronics sector with the goal of increasing India's current 15% share of global mobile phone production to 30 - 35% by FY31. With exports of Rs. 5.09–6.48 lakh crore (US$55–70 billion), it projects that yearly production might reach Rs. 10.18–12.03 lakh crore (US$110–130 billion). In order to maintain manufacturing growth and fortify domestic supply chains, the plan seeks ongoing governmental support once the existing PLI scheme expires. As part of India's electronics strategy, the roadmap has been explored with MeitY. The plan intends to increase value addition, competitiveness, exports, and India's participation in global smartphone production with investments from companies including Apple, Foxconn, Tata Electronics, Google, Dixon, and Flex.

Source: IBEF

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