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16 PLI projects get nod in Rs 10.5-trillion electronics manufacturing push

Apart from helping the overall electronics ecosystem in the country, this move will turn Apple's fortunes in India, according to analysts

Topics
Apple Phones | Indian Economy

Mumbai 

The Centre on Tuesday approved 16 proposals from marquee brands, including makers of Apple devices, under two new flagship schemes, in a move expected to fetch Rs 11,000-crore additional investments in local electronics manufacturing.

In turn, this would imply production worth Rs 10.5 trillion over the next five years, giving a fillip to Prime Minister Narendra Modi’s Make in India and Atma Nirbhar Bharat schemes. A statement issued by the Ministry of Electronics and Information Technology said that of the total, Rs 6.5 trillion worth of electronic goods will be exported by 2025 ...

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First Published: Wed, October 07 2020. 12:09 IST