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Regular-article-logo Sunday, 05 May 2024

Mobile phone firms’ plans cleared

The move will generate more than 2 lakh direct jobs and nearly 6 lakh indirect employment opportunities

Our Special Correspondent New Delhi Published 07.10.20, 01:36 AM
“The companies approved under the scheme will bring in an additional investment in electronics manufacturing to the tune of Rs 11,000 crore,” MeitY said.

“The companies approved under the scheme will bring in an additional investment in electronics manufacturing to the tune of Rs 11,000 crore,” MeitY said. File picture

The government has cleared investment proposals of 10 mobile phone makers and six electronic component producers, including Foxconn, Wistron, Pegatron, Samsung and Rising Star, under its new production-linked incentive and phased manufacturing programme schemes that are designed to attract investments into the country.

The other companies cleared are Lava, Bhagwati (Micromax), Padget Electronics (Dixon Technologies), UTL Neolyncs and Optiemus.

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Foxconn, the Taiwanese contract manufacturer, assembles Apple devices among other brands and had announced plans in May to invest $165 million (Rs 1,300 crore) in a new production facility near Bangalore.

The move comes at a time Apple is looking to shift 20 per cent of its production capacity to India from China.

Samsung Electronics Co and Apple’s assembly partners are among the 22 companies that have pledged to invest Rs 11,000 crore ($1.5 billion) to set up mobile phone manufacturing units in India.

“The ministry of electronics and information and technology has approved 16 eligible applicants under the PLI Scheme,” an official statement said.

This will generate more than 2 lakh direct jobs and nearly 6 lakh indirect employment opportunities, it said.

“The companies approved under the scheme will bring in an additional investment in electronics manufacturing to the tune of Rs 11,000 crore,” the ministry said.

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