Companies welcome government’s PLI-scheme, but work still to be done
Recent reports suggest that Apple is planning to bring nearly a fifth of its production capacity to the country in the next five years, which is how long the PLI scheme is for
In the short to medium term, India can present a viable alternative to China in the next 5 years
The Indian government’s new production linked incentive (PLI) scheme for mobile manufacturers has been well received by the industry, but there’s work left to be done. The scheme is meant to encourage companies to export products from the country and ramp up manufacturing here.