PLI 2.0: India bets big on making more of the smartphone at home

India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence.

Raccontata daeconomictimes.indiatimes.com