Government allocates over Rs 4,400 crore to Apple, Samsung & other smartphone manufacturers under PLI scheme

India's production-linked incentive (PLI) scheme for smartphones has provided incentives to Apple's contract manufacturers, Samsung, and Dixon Technologies. Some companies have not met production targets. Mobile phone exports have significantly increased. The scheme offers graded cashback incentives and has a revised duration and settlement timeline.

Mar 4, 2024 - 14:00
Government allocates over Rs 4,400 crore to Apple, Samsung & other smartphone manufacturers under PLI scheme
India's production-linked incentive (PLI) scheme for smartphones has provided incentives to Apple's contract manufacturers, Samsung, and Dixon Technologies. Some companies have not met production targets. Mobile phone exports have significantly increased. The scheme offers graded cashback incentives and has a revised duration and settlement timeline.