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India's runaway smartphone PLI success holds lessons for the next wave of industrial policy - The Economic Times
India's smartphone production incentive scheme transformed the nation into a manufacturing hub. This policy successfully attracted global value chains and boosted exports significantly. Timely payments and administrative support built crucial trust with manufacturers. The scheme fostered substantial job creation, especially for women in formal sectors. These lessons are vital for India's future industrial development strategies.
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economictimes.indiatimes.com
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Don't just assemble, innovate: The missing hero in India's smartphone success story - The Economic Times
India is the world's second-largest mobile phone maker, benefiting from policy support and global supply chain shifts. Domestic firms currently focus on assembly, while design and…
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India's runaway smartphone PLI success holds lessons for the next wave of industrial policy - The Economic Times
India's smartphone production incentive scheme transformed the nation into a manufacturing hub. This policy successfully attracted global value chains and boosted exports…
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'Smartphone PLI plan exceeds targets, value addition quadruples': Industry informs govt
The commerce ministry questioned the smartphone PLI scheme's success for an extension. Industry data showed production more than doubling and exports rising ten times. Domestic…