24 Mobile Manufacturers to invest $1.5 Billion in India.
                     24 MOBILE MANUFACTURERS TO INVEST
 $1.5 BILLION IN INDIA
INTRODUCTION
• 24 companies have planned to set up mobile phone factories in 
India. 
• Assembly partners of giant players in the electronics segment such 
as Samsung and Apple have shown interest in moving to India.
Source: Sirf News
PRODUCTION LINKED INCENTIVE (PLI)
• The move to shift to India can be cited to Prime Minister Narendra 
Modi’s Production Linked Incentive (PLI) that makes electronic 
manufacturers eligible for an incentive of 4% to 6% of their 
incremental sales over the next 5 years.
Source: Jagran Josh
INCENTIVE PROGRAM OF GOVERNMENT
• The government expects its incentive program for electronics alone 
could lead to $153 billion worth of manufactured goods over the 
next five years and create about one million jobs directly and 
indirectly.
Source: Twitter
WHICH COMPANIES HAVE SHOWED INTEREST ?
• International Companies like Samsung Electronics Co., Hon Hai 
Precision Industry Co., known as Foxconn, Wistron Corp., and 
Pegatron Corp., Apple Inc.’s assembly partners are showing interest 
in investing in the India.
Source: Twitter
HOW WILL THIS HELP THE INDIAN ECONOMY?
• The Government expects this electronic program could lead to $153 
billion worth of manufactured goods over the next 5 years.
• In turn it will create about ten lakh jobs directly and indirectly.
Source: Business Standard
INVESTMENT
• This would also add an investment of $55 billion over 5 years this 
taking up India’s economic output by 0.5%.
• This could also transfer an additional 10% of global smart phone 
production to India in 5 years, most of it from China.
Source: The Financial Express
MAKE IN INDIA INITIATIVE
• This move will also go hand in hand with Modi’s ‘Make in India’ 
initiative which will increase the share of manufacturing in the 
economy from the current 15% to 25%. 
• Similar incentives have been extended to pharmaceutical 
businesses.
Source: Twitter
SAMSUNG IN FINAL STAGES TO SHIFT TO INDIA
• Samsung’s Noida facility is the company’s largest manufacturing 
hub which exports smart phones to other countries. 
• The company currently makes roughly 50% of its phones in 
Vietnam, as per industry estimates.
• The change in the smart phone prices when the major smart phone 
manufacturers start producing their components and gadgets in 
India.
Source: The Indian Wire
IMPACT OF US-CHINA TRADE 
• With US-China trade tensions rising and the ongoing COVID-19 
pandemic, companies are aggressively looking to diversify supply 
chains.
• As a result, these incentives of India are drawing in many 
companies moving away from China. 
Source: knowledge.wharton.upenn.edu
INVESTMENT OF APPLE
• Apple has plans to expand manufacturing in India. Its 
supplier Foxconn is also planning to invest up to $1 billion in India. 
• Foxconn's planned investment in the plant near Chennai would take 
place over the course of three years. 
Source: Dazeinfo