Companies welcome government’s PLI-scheme, but work still to be done

The Indian government’s new production linked incentive (PLI) scheme for mobile manufacturers has been well received by the industry, but there’s work left to be done. The scheme is meant to encourage companies to export products from the country and ramp up manufacturing here.

Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), said the companies have reacted “very positively” and the scheme could help meet the targets set in the National Policy on Electronics 2019 (NPE 2019).

“All major companies are already in India, producing 97% of India’s domestic requirement. Only the component base has to come to India, which is not necessarily about shifting but of setting up additional capacities. This is the most appropriate time for setting up capacities in India,” Mohindroo said.