Govt looks to expand list of domestic manufacturers under PLI scheme

NEW DELHI: In a decision that will give a major boost to electronics manufacturing by homegrown companies, the government is looking to expand the list of domestic manufacturers targeted for the ambitious production-linked incentive (PLI) scheme for mobile phones to seven against the five that is currently stipulated. This could be through the expansion of the present scheme, or by calling out another package to include the additional ones.

The Rs 41,000 crore scheme, which aims to generate additional production of nearly Rs 12 lakh crore over the next five years, will also have five international players that include four top contract manufacturers of American electronics giant Apple (Foxconn Hon Hai, Rising Star, Wistron and Pegatron), apart from Korean major Samsung.