A worker solders a wire on a printed circuit board of a mobile handset at Lava International Limited’s manufac…Read More
NEW DELHI: Taiwanese giants Foxconn, Wistron and Pegatron — contract manufacturers for Apple and other electronics makers such as Xiaomi — along with Samsung have submitted applications for the government’s ambitious Rs 41,000-crore production-linked incentive scheme (PLI) for mobile phone manufacturing in India, while homegrown Lava, Dixon Electronics, Karbonn, Optiemus Infracom, and Micromax have also evinced interest.
But Chinese manufacturers, such as Oppo and Vivo are said to have refrained from joining the fray amid recent tension due to the LAC standoff in Ladakh, resulting in investment checks on companies from the neighbouring country.
Companies that submitted their proposals by the deadline on Friday are promising fresh investments and jobs in the Indian electronics manufacturing space as the government looks to boost local production over the next few years, not just to reduce imports but also to turn the country into a production hub for exports.
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