Local players may miss out on smartphone PLI
Financial Express Chandigarh|December 21, 2024
DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.
JATIN GROVER

DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26. Homegrown manufacturers like Bhagwati (Micromax), Lava, and Optiemus Electronics are unlikely to meet the eligibility criteria, signaling a missed opportunity for India's indigenous smartphone sector. Among domestic manufacturers, only UTL Neolyncs - which produces Karbonn and Jio phones - has managed to claim incentives under the scheme, and that too for just a year or two, according to industry sources.

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