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

The Indian government is considering a second phase of the smartphone production linked incentive (PLI) scheme as the current one ends soon. Discussions with major manufacturers like Foxconn, Apple, and Samsung are underway to address challenges such as tariff changes and cost competitiveness against China. The new scheme may link incentives more closely to domestic value addition and support local component manufacturing to boost exports and self-sufficiency in electronics.