India's economic revival: PLI scheme likely to take center stage

In 2021-2022, the Production Linked Incentive (PLI) scheme is expected to take center stage when it comes to the government’s efforts in bringing the local economy back on track, through resurgence in economic activity and employment creation. These are in addition to India’s long-term goal of being self-reliant in manufacturing of key goods that are heavily imported, besides turning the table by encouraging exports.

PLI for smartphones and components: 16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones. Apart from Rs 11,000 investments