PLI SCHEME FOR HANDSETS
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Indian contract handset makers may miss FY23 PLI targets
The two who met the FY22 targets were Padget Electronics, a Dixon Technologies subsidiary, and UTL Neolyncs, which makes the JioPhone series. UTL Neolyncs is a JV between Bengaluru-based UTL Group and Neolync Solution, in which Reliance Industries holds a 40% stake. But both are also facing a slowdown now and are likely to miss the FY23 targets.
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India an important destination for companies to expand supply chain: Vaishnaw
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Second tranche of mobile PLI sops cleared
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Mobile phone production in India to grow 22-26% between FY22-24: CRISIL
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Pegatron to start India manufacturing of Apple iPhone devices from April, aims over Rs8,000 crore production in FY23
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