India is preparing to roll out an upgraded version of its Production Linked Incentive (PLI) scheme, known as PLI 2.0, to accelerate domestic smartphone manufacturing and strengthen the country’s electronics ecosystem. The initiative aims to increase local value addition in smartphone production to more than 55%, reducing dependence on imported components and enhancing India’s position as a global manufacturing hub.
The upcoming scheme is expected to work alongside the government’s ₹40,000 crore Electronic Component Manufacturing Scheme (ECMS), encouraging companies to manufacture key smartphone components within India. Industry experts believe the move will attract fresh investments, generate employment opportunities, and strengthen the country’s supply chain capabilities.
Over the past few years, India has emerged as one of the fastest-growing smartphone manufacturing destinations globally. Government-backed initiatives and increasing demand for locally manufactured electronics have encouraged global technology companies to expand their operations in the country. The new PLI 2.0 framework is expected to further support this momentum by promoting advanced manufacturing and innovation.
The initiative aligns with India’s broader vision of becoming a self-reliant manufacturing economy while creating export opportunities and strengthening its global competitiveness in electronics production. Industry stakeholders are optimistic that PLI 2.0 will play a major role in attracting international manufacturers and accelerating India’s digital growth story.
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