Smartphone Makers May Get PLI Scheme 2.0 For Boosting Local Manufacturing

India’s smartphone industry has seen remarkable growth under the current PLI scheme, which attracted global manufacturers and boosted domestic production. With PLI 1.0 nearing its end, the government is now working on PLI 2.0 to further incentivize smartphone makers.  

PLI 2.0 will focus on enhancing indigenous design and manufacturing of components, targeting 35-40% localization over the coming years. This initiative is expected to reduce India’s dependence on imported parts, particularly from China, and address cost disadvantages faced by domestic players.  

Officials are engaging with industry stakeholders to shape the scheme, which could include tariff adjustments and broader incentives for companies investing in local supply chains. Industry experts believe PLI 2.0 will not only strengthen India’s electronics ecosystem but also create jobs and drive innovation in smartphone technology.  

Key Highlights  

• PLI 2.0 under consideration for smartphone makers  
• Focus on boosting local component manufacturing  
• Target of 35-40% localization in smartphones  
• Government engaging with industry stakeholders for design and rollout  
• Expected to reduce import reliance and create jobs in India  

Sources: The Economic Times, Communications Today, Government of India Press Briefs