Overview
- The plan would reward overseas shipments and offer higher subsidies at greater localisation thresholds, including for camera and display modules made in India.
- Inter-ministerial consultations are in progress with industry participation, and the electronics ministry has not issued a public confirmation.
- The current smartphone PLI expires on March 31, with the refreshed incentives expected to cover investments starting in April, according to Reuters.
- Apple and Samsung are seen as primary beneficiaries as India pushes to deepen its role in global smartphone supply chains.
- India produced nearly $60 billion worth of phones in FY2024–25 and exported about $21.7 billion, while a US court ruling scrapping a China levy could narrow tariff advantages for access to the US market.