Govt may unveil Rs 36 K-cr plan to get more phones made in India

NEW DELHI: The government could unveil a ?36,000-crore fund to provide production-linked incentives (PLI) to smartphone makers to wean high-end electronic manufacturing away from China and Vietnam to India in the upcoming budget, three top government officials said.

“MeitY (Ministry of Electronics and Information Technology) is working on a productionlinked incentive and there will be certain rigid criteria to avail this incentive. We only want those companies which are going to make India an electronics manufacturing and export hub to be able to use this incentive,” one of the officials told ET.