Centre begins process of inviting applications to attract global mobile manufacturers

The Centre on Tuesday started a process to invite applications for inventive schemes worth Rs 50,000 crore to attract global mobile device makers and boost local companies for electronics manufacturing.

India is initially aiming to attract the top 5 global mobile manufacturing companies. Same time government will also promote five local companies as well, Telecom and IT Minister Ravi Shankar Prasad said in Delhi.

The government had notified three schemes on April 1 for the promotion of electronics namely, the Production-Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0).