The updated production-linked incentive (PLI) scheme for mobile phones may target domestic value addition of more than 55%, officials told ET.
Expected to be finalised soon, the proposed PLI 2.0 for mobile phones is also being designed to align with the existing ₹40,000 crore electronic component manufacturing scheme (ECMS) to ensure greater domestic sourcing of crucial components, they said.
The move follows concerns raised by the finance ministry about import dependence on high-value components, even though the current PLI scheme has helped turn India into a major smartphone assembly and export hub.
The ministry's Expenditure Finance Committee is understood to have asked the Ministry of Electronics and Information Technology (MeitY) to revisit certain aspects of the proposed PLI 2.0 scheme, particularly around localisation targets and the structure of incentives.
