These were schemes for manufacturing of electronic components and semiconductors, modified electronics manufacturing clusters (EMC 2.0) scheme, and production-linked incentive scheme for large scale electronics manufacturing.
"PLI Scheme to herald a new era in mobile phone and electronic components manufacturing".
As many as 22 domestic and global firms, including iPhone maker Apple's contract manufacturers as well as Samsung, Lava, Dixon and so forth, have lined up with proposals for mobile phones production worth Rs 11 lakh crore over the next five years, Union Telecom and IT Minister Ravi Shankar Prasad said on Saturday.
Prasad said Indian companies, including Lava, Dixon Technologies, Bhagwati (Micromax), Padget Electronics, Sojo Manufacturing Services and Optiemus Electronics, have applied under the scheme and 10 companies have filed applications under the Specified Electronic Components Segment.
Talking about the progress in the scheme Prasad said that Government's PLI Scheme to boost mobile and electronics manufacturing in India has received good interest from domestic and foreign companies.
As part of their applications, the companies have also agreed to offer direct and indirect employment to roughly 1.2 million Indians, the Indian minister said.
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The participation of Wistron, Foxconn, and Pegatron is also indicative of Apple's future plans to produce locally in India.
Apple and Samsung account for almost 60 per cent of global sales revenue of mobile phones.
Union telecom and IT minister Ravi Shankar Prasad has announced that as many as 22 domestic and global firms have lined up with proposals for mobile phones production worth Rs 11 lakh crore, which have potential to create direct and indirect jobs for around 12 lakh people over the next five years. None of the Chinese companies such as Oppo, Vivo, Realme and OnePlus have applied for benefits under the PLI scheme. He also said that the PLI scheme will generate approximately three lakh direct employment opportunities in the next 5 years along with the creation of additional indirect employment of almost three times the direct employment.
"The benchmark for worldwide companies was that they make mobile phones priced at or above Rs 15,000".
On the absence of the Chinese firms, IT minister maintained that the rules with respect to investment and security were clearly defined for countries neighbouring India. I do not wish to take the name of any country.
These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in mobile phone production. Overall investments are estimated at around Rs 11,000 crore under the scheme.