Key Points
Questioning the efficacy of the Narendra Modi government's flagship manufacturing offering, the PLI scheme, former Reserve Bank of India (RBI) governor Raghuram Rajan asked if the scheme has been a failure in the making, with a special focus on mobile manufacturing...
The authors of the research, Rajan, Rahul Chauhan and Rohit Lamba argue that contrary to the arguments, India has not really become a mobile manufacturing giant...
The government had announced an outlay of Rs 1.97 lakh crore for the Production-Linked Incentive (PLI) schemes for different key sectors, to create national manufacturing champions and generate employment opportunities...
India's electronics industry saw a record exports of electronic goods at an estimated Rs 1,85,000 crore in FY23 -- compared to Rs 1,16,936 crore in FY22 -- marking a whopping 58 per cent increase.. The central government in 2016 raised tariffs on importing an entire mobile phone to drive mobile phone production in India..
India still imports much of what goes into the mobile phone," the note says.. Figures shared by Rajan show that among the key components of mobile manufacturing including semiconductors, PCBAs, displays, cameras and batteries, India exports nothing..
You might be interested in
PLI for electronics working well, but the sector isn’t ready for incentives to be withdrawn yet
18, Jul, 24Experts say that govt’s PLI scheme has done better than previous measures to boost electronics manufacturing in India, but next phase must focus on value addition.
‘500,000 jobs via PLI for cellular phone cos’
30, Nov, 23Due to PLI, the incremental job creation in the mobile industry is 5 lakh and I’m confident that the number will increase in the next five years, said telecom and IT minister Ashwini Vaishnaw
Mobile phone exports from India touch USD 9.5 bn in February: ICEA
22, Mar, 23An official at the India Cellular and Electronics Association (ICEA) said the industry is on track to cross the target of mobile phone exports worth USD 10 billion from the country by the end of this fiscal. At the end of January, the exports were around USD 8.5 billion and it is estimated to have reached about USD 9.5 billion in February, the official said.
Duty cut on mobile phone components to drop smartphone prices by 3-5 pc: Experts
31, Jan, 24New Delhi, Jan 31 (PTI) The government’s move to slash the import duty on mobile phone spare parts, like battery cover, lens and SIM socket, is likely to reduce smartphone prices by 3-5 per cent, according to industry experts. A day ahead of the interim budget, India has slashed the import duty on spare parts, […]
Mobile phone manufacturing jumps 21 times to Rs 4.1 lakh crore in 10 years: ICEA
10, Mar, 24India Business News: Mobile phone manufacturing in value terms jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years as government policy measures like PLI pla
Rajeev Chandrasekhar takes on Raghuram Rajan, says his PLI comments based on false figures, questionable a
15, Jun, 23Raghuram Rajan argued that value addition is low in the smartphone PLI scheme as it is basically only about assembling, and not deep manufacturing. Besides, imports exceed exports, he said. Not even the smallest parts of mobile phones are being made in India, he pointed out.
MHI releases SOP for PLI Auto scheme, applicants must achieve 50% domestic value addition to avail incentives
28, Apr, 23The scheme is expected to attract significant investments and help India become a global hub for automobile manufacturing.
India to cross Rs 1,20,000 cr in mobile exports in FY24, Apple to surpass 50% share: ICEA
20, Jun, 23Pankaj Mohindroo, Chairman, ICEA, said Mobile phone exports growth in 2023-24 have bucked the trend of falling exports with a growth of 128 per cent in the first two months of 2023-24.
PLI 2.0 in Budget 2024: Pushing the envelope towards ‘Making for the World’
20, Jan, 24Interim Budget: India's manufacturing sector is being reinvented to achieve the country's ambition of becoming a $10 trillion economy. The Production Linked Incentives (PLI) scheme has played a strategic role in elevating India's manufacturing capabilities and attracting global companies. The scheme has already shown success in sectors like electronics, pharmaceuticals, and telecom. To further drive innovation, the government should extend PLI benefits to R&D investments. A dedicated PLI scheme for the chemicals sector could boost its growth and position India as a global hub. Additionally, a PLI scheme for the space sector could help India become a global leader in space technology.