Electronics firms seek Rs 30-35k crore PLI scheme for components, targeting 35-40% domestic value addition in mobile phone manufacturing by 2026.
Electronics companies seek a Rs 30,000-35,000 crore PLI scheme for components & sub-assemblies, along with capital expenditure support. The objective is to boost domestic value addition in mobile phone manufacturing to 35-40% from 18% currently, and align with the development of India's semiconductor ecosystem. The industry aims to support surging electronics exports, reaching $75-$80 billion by 2026 and $300 billion by 2032.
May 26, 2024
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