Mobile manufacturers shortlisted under a production linked incentive scheme invested Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Companies eligible for the scheme ask govt to invoke force majeure clause
The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices
Mobile manufacturers on Friday requested the government to come up with policies that focus on competition with countries and not companies, sectoral industry body ICEA said in a statement.
Market size shrunk in 2020, but higher volumes and ASP expected to set new benchmarks
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
The company has plans to raise Rs 285 crore from sale of one of its buildings in Noida to Kailash Darshan Housing Development
Telecommunications and IT Minister Ravi Shankar Prasad said the government was looking to make India a hub of other electronic products
The Indian govt hopes to generate 300,000 direct jobs and thrice as many indirect employment opportunities in the sector over the next five years
The export-oriented unit (EOU) is expected to be ready by January-February 2021 and attain commercial production by April 2021
The scheme is in addition to the already announced Rs 51,311 crore PLI for three sectors which takes the total around Rs 2 trn
The committee will be headed by Wistron India MD Sudipto Gupta.
Govt must seek to benefit manufacturing more broadly
Analysts say the production linked incentive (PLI) scheme will turn Apple's fortunes in India. Will iPhone be more affordable for Indians? Listen to the podcast to know more
The current quarter (July-September) is traditionally the largest in terms of volume shipment as all leading players fill up their inventory in anticipation of bumper sales in festive weeks
At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years
They oppose the proposal on the grounds that source codes are 'commercially valuable, confidential, and sensitive information'
If the current talks with the ATMP big boys fructify, it will be a major step for the country.
It's an internal letter, no final decision yet, says the firm