Revamped PLI Scheme Aims to Boost Local Smartphone Manufacturing in India
© Provided by News18 Revamped PLI Scheme Aims to Boost Local Smartphone Manufacturing in India Smartphone manufacturing in India is being seen as a big avenue going forward, and the government of India is making a few changes to enable that. At the top of the charts is a revision of the existing production-linked incentive scheme for smartphone manufacturers, where an empowered committee has decided that it will no longer evaluate manufacturing plant and machinery brought into India by a brand at just 40 percent of its value. Revealed in a report by The Economic Times, this was one of the clauses to which Apple had raised an objection to. Now, the government is reportedly in discussion with manufacturers such as Foxconn, Wistron and Pegatron to attempt to move some of their manufacturing activities over to India. Interestingly, the government committee that made the above change on Friday also voted to begin involving industry players in meetings and discussions...