GSMArena.com GSMArena.com

Tip us

1.5m
109k
RSS

EV

Merch

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • Deals
  • MerchNew
  • Coverage
  • Contact
ADVERTISEMENTS

Apple vendors and Samsung among the 22 companies applying for India's $6.6B PLI Scheme

  • Post your comment
  • Comments (40)

George 01 August 2020

Apple Samsung

Samsung, Apple suppliers Foxconn, Wistron and Pegatron, and local smartphone makers Micromax and Lava are among the companies that have applied for India's Production-Linked Incentive Scheme (PLI). Totaling $6.6 billion, the program aims to encourage smartphone and electronics components production in the country.

A total of 22 companies have filed their application under the PLI Scheme. 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. pic.twitter.com/3yUky3HkOC

— Ravi Shankar Prasad (@rsprasad) August 1, 2020

22 companies in the smartphone manufacturing field have submitted applications for the incentive scheme with Chinese makers under the BBK wing (Oppo, OnePlus, Realme, vivo) missing from the list.

An estimated $153 billion worth of smartphones and components are to be produced over the 5-year span of the program. Under the rules of the incentive, the manufacturers have agreed to export 60% of the products outside of India. 300,000 new jobs will be directly created in the process, with an additional 900,000 new jobs indirectly related.

Related articles
  • Apple smartphone sales growing strongly as global smartphone market declines in Q2 Apple smartphone sales growing strongly as global smartphone market declines in Q2
  • Foxconn starts iPhone 11 production in India Foxconn starts iPhone 11 production in India
  • Foxconn to invest $1 billion in India to ramp up iPhone production Foxconn to invest $1 billion in India to ramp up iPhone production
  • Samsung Q2 report reveals improved profit from chips and phones despite COVID-19 Samsung Q2 report reveals improved profit from chips and phones despite COVID-19

Reader comments

?
  • Anonymous
  • KFN
  • 09 Aug 2020

As someone who is a vendor to all these companies, I can assure you things are really moving forward

  • Reply
A
  • A Realist Common Man
  • rxh
  • 03 Aug 2020

All these are fine. but the proof of the pudding is in the eating. We have heard many a catchy slogan and seen good eye catching headlines for the past six years, but all over there has only been negativity, be it employment, education, health and ...

  • Reply
?
  • Anonymous
  • Fht
  • 03 Aug 2020

Not sure why anybody would be jealous of India though...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 40

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • TCL
  • Ulefone
  • Tecno
  • Doogee
  • Blackview
  • BLU
  • Panasonic
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Samsung Galaxy S23 Ultra30,397
2.Samsung Galaxy A14 5G19,015
3.Xiaomi Poco X5 Pro17,685
4.Samsung Galaxy S22 Ultra 5G17,310
5.Samsung Galaxy A53 5G16,218
6.Apple iPhone XR15,658
7.Oppo Find X6 Pro14,918
8.Apple iPhone 14 Pro Max14,918
9.Apple iPhone X14,404
10.OnePlus Ace 213,893

ELECTRIC VEHICLES

Ford slashes Mach-E prices, increases production capacity to 130,000 Ford slashes Mach-E prices, increases production capacity to 130,000 Meizu to make cars with Geely under Wujie Auto brandSecond-hand Teslas are down $18,000 from their peak six months ago
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2023 GSMArena.com Mobile version Android app Tools Contact us Merch store Privacy Terms of use Change Ad Consent Do not sell my data