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Budget 2020-21: Govt may announce production-linked incentive for smartphone makers


New Delhi: The government may announce a Rs 36,000-crore fund in the upcoming budget to provide production-linked incentives (PLI) to smartphone makers so that they shift their high-end electronic manufacturing from China and Vietnam to India, the Economic Times reported citing three top government officials.

“MeitY (Ministry of Electronics and Information Technology) is working on a production-linked incentive and there will be certain rigid criteria to avail this incentive. We only want those companies which are going to make India an electronics manufacturing and export hub to be able to use this incentive,” one of the officials told the ...


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