Mobile manufacturers shortlisted under a production linked incentive scheme<\/a> invested Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter, the ministry of commerce and industries said on Wednesday. The Production Linked Incentive (PLI<\/a>) Scheme for large scale electronics manufacturing was notified on April 1, 2020, under which there will be an incentive of 4 to 6 per cent on incremental sales for a period of five years subsequent to the base year.
The government had selected 16 proposals under the scheme, including from Samsung<\/a>, Foxconn Hon Hai, Rising Star, Wistron<\/a> and Pegatron with an incentive outlay of Rs 36,440 crore.
Three companies -- Foxconn Hon Hai, Wistron and Pegatron -- are contract manufacturers for Apple iPhones<\/a>. Apple and Samsung account for 37 and 22 per cent of global sales revenue of mobile phones.
Indian companies selected under the scheme were Lava<\/a>, Bhagwati (Micromax<\/a>), Padget Electronics, UTL Neolyncs and Optiemus Electronics.
\"As per the quarterly review reports for the quarter ending December 2020, in the first five months of scheme operation and despite challenging times, the applicant companies have produced goods worth ~INR 35,000 crore and invested ~INR 1,300 crore under the scheme. Additional employment generation during this period stands at around 22,000 jobs,\" the ministry said in a statement.
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