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Contract phone makers for Samsung and Apple apply under PLI

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Contract phone makers for Samsung and Apple apply under PLI

Samsung and Apple (Photo Credits: Twitter)

New Delhi, August 1: Contract manufacturing units for major handset companies Samsung and iPhone maker Apple have submitted proposals to take advantage of the government’s Rs 50,000-crore production-linked incentive scheme (PLI). Sources gave this information According to these proposals, contract manufacturing units of Samsung Lava, Dixon and iPhone are proposed to produce mobile devices and components worth Rs 11 lakh crore during the next five years.

A source said that these companies have submitted a proposal to the Ministry of Electronics and IT to take advantage of production-based incentives. These proposals will create about 12 lakh employment opportunities. There will be three lakh direct and nine lakh indirect employment opportunities. The source said that foreign companies submitting proposals under this scheme include Samsung, Foxconn Hon Hei, Rising Star, Wistron and Pegatron. Foxconn Hon Hei, Wistron and Pegatron manufacture Apple iPhones on contract. Pegatron of Taiwan is a new investor in India.

Also read: Samsung launches Galaxy A50s and Galaxy A30s; Read full details of the feature and price here

The source said, “Under these proposals, about 9 lakh crore rupees mobile handsets will be produced in the next five years worth more than Rs 15,000. While mobile handsets worth less than Rs 15,000 will be produced. ” The source said that the export demand of about seven lakh crore rupees will also be met with the proposed production capacities.

Indian companies applying under this scheme include Lava, Dixon Technologies, Micromact and Pazet Electronics. Under the scheme, Lava intends to invest Rs 800 crore in the next five years.

(This is an unedited and auto-generated story from a syndicated news feed, there is a possibility that it has not been changed or edited by the latest staff)

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