The Ministry of Electronics and Information and Technology has cleared 16 proposals from domestic and international companies entailing investment of 11 thousand crore rupees under the production linked incentive, PLI scheme to manufacture mobile phones worth 10.5 lakh crore rupees over the next five years.
The companies include iPhone maker Apple’s contract manufacturers Foxconn Hon Hai, Wistron and Pegatron, apart from Samsung and Rising Star.
Domestic companies whose proposals have been approved include Lava, Bhagwati (Micromax), Padget Electronics (Dixon Technologies), UTL Neolyncs and Optiemus.
The Ministry said, it will generate more than 2 lakh direct jobs and nearly 6 lakh indirect employment opportunities.
Proposals of six companies in the electronic components segment have also been approved. These companies are AT&S, Ascent Circuits, Visicon, Walsin, Sahasra, and Neolync.
Under the PLI scheme, mobile phones of foreign companies priced above 15 thousand rupees a unit are eligible for incentives, while there is no such price limit for domestic firms.
Electronics and IT Minister Ravi Shankar Prasad said the PLI scheme has been a huge success in terms of applications received from global as well as domestic mobile phone manufacturing firms and electronic component manufacturers.
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