Production Linked Incentive scheme to herald a new era in mobile phone and electronic components manufacturing; Production of Rs. 11.50 lakh crore and Exports of Rs. 7 lakh crore expected over next 5 years : R S Prasad

Ravi Shankar Prasad, Electronics & Information Technology Minister :

  • A total of 22 companies have filed their application under the PLI Scheme. The International companies are Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron. Indian companies are Lava, Dixon, Micromax, Padget Electronics, Sojo and Optiemus Electronics have applied.
  • These companies will produce mobile phones and components worth Rs 11.5 lakh crore in the coming 5 years out of which products worth Rs 7 lakh crore will be exported.
  • Under the leadership of PM @narendramodi , PLI scheme was introduced to welcome global companies and to make Indian companies as national champions in the electronic sector. I welcome the Indian companies Lava, Dixon, Micromax, Padget Electronics, Sojo and Optiemus Electronics.
  • The domestic value addition is expected to grow from the current 15-20% to 35-40% in case of mobile phones and 45-50% for electronic components. This shows that India will soon become a hub of electronics manufacturing in the world.

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