India Considers Second Phase of Smartphone PLI Scheme with Focus on Local Value Addition

The Indian government is considering a second phase of the Production Linked Incentive (PLI) scheme for smartphones as the current scheme ends in March 2024. Talks with manufacturers like Apple, Samsung, and Foxconn are underway to sustain industry growth and competitiveness against China, especially after the removal of US tariffs on Chinese exports. The new scheme may link incentives more closely to domestic value addition, aiming to boost local electronics manufacturing and meet the government's target of $300 billion production by 2030.