Govt clears Rs 357 cr for Foxconn under PLI scheme for phone manufacturing

The PLI for large-scale electronics manufacturing sector launched with an aim to make India a competitive destination for electronics manufacturing

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The production of mobile phones has risen from about 60 million in 2014-15 to approximately 310 million in 2021-22

Ruchika Chitravanshi
An empowered committee headed by Param Iyer, chief executive officer (CEO), NITI Aayog, has approved a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing. iPhone maker Foxconn India is owned by Hon Hai Foxconn Technology Group. The group, headquartered in Tucheng, New Taipei City, is the world’s top manufacturer and assembler of mobile Foxconn Hon Hai Technology India Mega Development Pvt. Ltd also called Foxconn India would receive an incentive of Rs 357.17 crore for the period between August 1, 2021, and March 31, 2022. It is based on

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First Published: Dec 20 2022 | 10:59 PM IST

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