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Five Indian firms would also be selected for the PLI scheme, which, along with two other related initiatives, could help India produce smartphones and components worth ₹ 10 lakh crores ($133 billion) by 2025, Prasad said.
The smartphone industry has become a showpiece for Prime Minister Narendra Modi’s ‘Make In India’ drive. The government now wants to make the country an export hub.
Global players such as Samsung and Taiwanese firms Foxconn, and Wistron, which both supply Apple, have already ramped up local production, attracted by the huge market of 1.3 billion people.
चैनल के बारे में – इंडीप्लस न्यूज़
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