India’s electronics industry has proposed a smartphone Production-Linked Incentive (PLI) 2.0 scheme for 2026-31, targeting a rise in the country’s share of global mobile phone production to 30-35% by FY31 from about 15% currently. Industry estimates suggest that annual mobile phone production could scale to Rs. 10.18-12.03 lakh crore (US$ 110-130 billion) over the next five years, with exports expected at Rs. 5.09-6.48 lakh crore (US$ 55-70 billion). The proposal comes as the current PLI scheme concluded on March 31, with the industry seeking continued policy support to sustain manufacturing momentum and deepen domestic supply chains. The roadmap has been discussed with the Ministry of Electronics and Information Technology (MeitY) as part of the next phase of India’s electronics growth strategy.
The industry believes India now has a strong foundation to emerge as a larger global mobile manufacturing hub, supported by rising domestic value addition, scale economies, and export competitiveness. According to the India Cellular and Electronics Association (ICEA), achieving the next growth phase will require sustained incentives, stronger component ecosystems, and continued investments from global manufacturers such as Apple, Foxconn, Tata Electronics, Google, Dixon, and Flex. The proposed PLI 2.0 is strategically significant for India’s ambition to strengthen its role in global value chains, boost electronics exports, and reinforce its position as one of the world’s leading smartphone production centres.
Disclaimer: This information has been collected through secondary research and º£½Ç³Ô¹ÏÍø is not responsible for any errors in the same.