Foxconn, Wistron, Flex likely to benefit from PLI scheme

NEW DELHI: Top global players such as Foxconn and Wistron, manufacturers of Apple phones, Flex, Samsung, Oppo and Vivo are likely to apply for a production-linked incentive scheme (PLI) worth Rs 41,000 crore as part of India’s massive push to wean away companies from China and emerge as the world’s hub for electronics production.

“There are five to six companies which control 80% of smartphone manufacturing across the globe… initially, we wish to help (these) five global champions in establishing a wide manufacturing base in the country,” IT and telecom minister RS Prasad said at a briefing Tuesday. “The scheme will also initially help develop five domestic champions.”

Prasad dispelled concerns that India’s policy of self-reliance was inward looking, saying, “A self-reliant robust India is not against any country,” and added that the government hopes to ramp up exports of mobile phones from the country to $110 billion from the current under $3 billion.