Apple vendors and Samsung among the 22 companies applying for India’s $6.6B PLI Scheme

Samsung, Apple suppliers Foxconn, Wistron and Pegatron, and local smartphone makers Micromax and Lava are among the companies that have applied for India’s Production-Linked Incentive Scheme (PLI). Totaling $6.6 billion, the program aims to encourage smartphone and electronics components production in the country.

A total of 22 companies have filed their application under the PLI Scheme. These companies will produce mobile phones and components worth Rs 11.5 lakh crore in the coming 5 years out of which products worth Rs 7 lakh crore will be exported. pic.twitter.com/3yUky3HkOC— Ravi…

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