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Make in India boost: Samsung, Foxconn, Lava likely to apply for PLI scheme

The government will offer the scheme to five global and domestic entities.

mobile, smartphone, manufacturing, production, phone

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It is not clear yet whether Chinese players like Xioami, Vivo or Oppo will also join the game.

Surajeet Das Gupta Arnab Dutta New Delhi

4 min read Last Updated : Jun 04 2020 | 5:00 AM IST

At least seven global and Indian companies are expected to seek benefits under the Centre’s production-linked incentive (PLI) scheme, aimed at making India a global hub for mobile device exports. Under the scheme, which was formally announced on Tuesday, prospective companies have to apply by July 31.

The government will offer the scheme to five global and domestic entities. However, if there are more than five applications, eligibility will be decided by the ranking of companies based on their global consolidated revenues in the base year.

According to sources, global players that are likely to apply for the

Topics : Samsung Apple Inc Micromax Mobile manufacturing industry in India India smartphone market electronics manufacturing sector Foxconn Lava Wistron

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