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India on Track to Achieve $300 Billion Electronics Manufacturing Target
The Indian government is set to achieve a $300 billion electronics manufacturing target by 2025-26. The Vision Document 2.0 outlines shortlisted product segments and incentives to get there. Mobile phone exports are a big factor in achieving this goal.
Concerned Departments May Consider Adjusting PLI Scheme if It Doesn’t Pick Up: DPIIT
The Department for Promotion of Industry & Internal Trade (DPIIT) may alter India's Production-Linked Incentive (PLI) scheme if it doesn't lift. The scheme aims to boost investment and local manufacturing in 14 sectors and was expanded this year. An analysis shows low adoption in some sectors, including high-efficiency solar PV modules, ACC batteries, textile products and speciality steel. Meanwhile, electronics and mobile manufacturing are booming and have helped generate 3.25 lakh jobs and INR2.6tn in exports. The government hopes the scheme will attract further investment, including from Apple.
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India on Track to Achieve $300 Billion Electronics Manufacturing Target
The Indian government is set to achieve a $300 billion electronics manufacturing target by 2025-26. The Vision Document 2.0 outlines shortlisted product segments and incentives to get there. Mobile phone exports are a big factor in achieving this goal.
