Uploaded on Sep 10, 2020
Presentation on "GOVERNMENT APPROVES A PROPOSAL TO EXPORT MADE IN INDIA MOBILE PHONES WORTH $100 BILLION"
GOVERNMENT APPROVES A PROPOSAL TO EXPORT MADE IN INDIA MOBILE PHONES WORTH $100 BILLION
GOVERNMENT APPROVES A
PROPOSAL TO EXPORT MADE IIN
IINDIIA MOBIILE PHONES WORTH
$100 BIILLIION
INTRODUCTION
• Applications by iPhone contract makers Foxconn,
Pegatron and Wistron as well as Samsung, Karbonn,
Lava and Dixon to export mobile phones worth
around $100 billion from India have been cleared by
the empowered group.
Source: SiliconIndia
APPROVAL
• The empowered committee has approved all
applications estimated to export around $100 billion
(Rs 7.3 lakh crore) worth mobile phones under the
production linked incentive scheme (PLI).
• All the applications will be placed before the cabinet
probably this week
Source: PYMNTS.com
PRODUCTION ESTIMATION
• Apple’s contract manufacturers and Samsung have
submitted production estimates of phones worth
$50 billion each in the next five years, according to
the applications.
• Exports will be slightly lower in each case.
Source: IndiaEra
TRUST IN INDIA’S
MANUFACTURING CAPABILITY
• The extraordinary response to the PLI shows
enormous trust of the global community in
India’s manufacturing capability.
Source: India Today
BENEFIT OF THE SCHEME
• Several brands and suppliers showed interest by
applying for the scheme and gain benefits worth Rs
41,000 crore.
Source: Adobe Stock
AIM OF PLI SCHEME
• The PLI scheme, which aims to make India a
manufacturing hub for smartphones, was notified in
April.
• The scheme is aimed at attracting manufacturers
looking to move out of China amid Sino-US trade
tensions.
Source: The Financial Express
AIM OF PLI SCHEME
• Members of the empowered committee
include:
– Niti Aayog CEO
– Secretaries of economic affairs,
expenditure, revenue
– The Ministry of Electronics and
Information Technology (MeitY)
– Department for Promotion of Industry
and Internal Trade (DPIIT)
– Directorate General of Foreign Trade
(DGFT) Source: The Economic Times
APPLE
• Apple’s contract manufacturers started producing its
latest handset models, the iPhone 11 and iPhone SE,
shortly in India.
• Pegatron, Apple's second-largest contract
manufacturer is looking to set up its factory.
Source: Screen Guards India
SAMSUNG
• Samsung, which now exports phones worth about
$2.5 billion from India, is all set to ramp up its
production to handsets worth $50 billion in the next
five years.
• Of this, $40 billion will comprise devices with a
factory price of more than $200.
Source: Samsung
THANK YOU
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