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Revamped PLI Scheme Aims to Boost Local Smartphone Manufacturing in India

The new production-linked incentive scheme has removed an existing clause that evaluated production machinery brought to India at 40 percent of its value…this was one of the clauses to which Apple had raised an objection to…To further ease the rules and make local manufacturing of smartphones in India seem attractive, the committee has chosen to remove certain valuation caps from the production process, and also de-link the payout of the local manufacturing incentive from the government’s financial condition. 

(News 18 Tech, May 30)

Tanvi Sharma's key takeaways:

  • The government is clearly motivated, ensuring key “irritants have been resolved”, paving the way for iPhone makers and others to open shop in the country. 
  • Further assurances like industry-inclusive decision processes show longer-term commitment. 
  • The schemes earmark around $5.5bn for both foreign and domestic manufacturers of smartphones, SMT components including semiconductors, PCBs and assembly units.  
  • The government is hoping smartphone exports rise from $3bn currently to $100bn in five years. For this to happen, more incentives may be needed to fully develop the component ecosystem within the country. 

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