Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam, , mobile manufacturing, import duty
Responding to a query on the decision to put the toy PLI proposal on hold, DPIIT secretary Rajesh Kumar Singh said, “Currently we are focused on getting these 14 PLI schemes up and running in a good way. For the time being, the new PLI schemes are not being considered and we will focus on ensuring that these existing schemes get implemented well. Thereafter well see.”
White Goods PLI: Indian government is set to disburse around Rs 79 crore in fiscal incentives under the Production Linked Incentive (PLI) scheme for white goods in the last quarter of the financial year. The PLI scheme for white goods aims to promote domestic manufacturing of air conditioners and LED light components. Some selected beneficiary firms have already started production, contributing to the disbursement target.
the Mobile Industry: 99% of Phones Made in India Today compsmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compsmag.com Daily Mail and Mail on Sunday newspapers.
Indian Mobile Industry: Reflecting on the industry s trajectory, Minister Vaishnaw highlighted a significant shift in import dependency. In 2014, a staggering 78 per cent of the mobile market relied on imports.