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Apple vendors, Samsung, others propose Rs 11 lakh crore mobile phone production under PLI scheme

iPhone maker Apple's contract manufacturers, as well as firms like Samsung, Lava and Dixon have proposed to produce mobile devices and components of over Rs 11 lakh crore in the next five years under the government's Production Link Incentives (PLI) scheme to boost electronics manufacturing. The proposals submitted by the companies to the Ministry of Electronics and IT are expected to create 12 lakh employment opportunities. Foxconn, Wistron and Pegatron are contract manufacturers for Apple iPhones. Taiwan-based Pegatron is a new investor in India. Apple and Samsung account for nearly 60 per cent of global sales revenue of mobile phones.

Read More at Moneycontrol News date : 1 Aug 2020, Saturday

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