India prepares to add new incentives under its flagship PLI scheme for smartphone companies; likely to boost Apple and Samsung
The growth in local production, especially in smartphones, was supported by the government’s PLI scheme. (AI image) The Indian government is reportedly preparing a major overhaul of its flagship smartphone manufacturing incentive programme. The ‘revamped’ flagship Production-Linked Incentive (PLI) scheme for smartphones will tie government subsidies to exports and the use of locally produced components…
