Made-in-India electronics get PLI boost as firms draw Rs 20,580 crore investment
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India's ambitious push in electronics manufacturing has garnered remarkable incentives totaling Rs 19,090.98 crore, enabling the production of more mobile devices. The surge in smartphone exports is astounding, leaping from $5.5 billion to nearly $30 billion over the period from 2021-22 to 2025-26. Launched in 2020, the PLI scheme has embraced 32 companies, significantly bolstering manufacturing across 14 sectors, supported by a generous budget of Rs 1.91 lakh crore. What's Your Reaction?
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