Indian handset makers struggle to meet PLI targets; Apple leads the game

Lava International, Bhagwati (Micromax), and local contract manufacturer Optiemus have so far been unable to meet the targets

The majority of Indian handset companies are unlikely to meet production and sales-related targets that come with the government's production-linked incentive (PLI) scheme, Financial Express (FE) has reported. This comes when global smartphone manufacturers such as Apple and Samsung have been successfully meeting their targets.

The government selected five local manufacturers for the PLI scheme. So far, the report said only two of them, namely Dixon-owned Padget Electronics and UTL Neolyncs, were able to meet the targets in FY22. UTL is the manufacturer of the JioPhone Next. Lava International, Bhagwati (Micromax), and local contract manufacturer Optiemus have so far been unable to