NEW DELHI: The government could unveil a Rs36,000-crore fund to provide production-linked incentives (PLI) to smartphone<\/a> makers to wean high-end electronic manufacturing away from China and Vietnam to India in the upcoming budget, three top government officials said.
“MeitY<\/a> (Ministry of Electronics and Information Technology) is working on a productionlinked 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 ET.
The official added that while this was primarily to attract global supply chain companies such as Apple<\/a> and Samsung<\/a> to make India their manufacturing and export base, some other incentives - credit guarantee schemes and interest subvention schemes – were designed to help local phone makers such as Lava become dominant global players in the entry segment, were also being thrashed out.
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