India, Jan. 29 -- The Government of India has issued a release:
"The PLI Scheme has encouraged major smartphone companies to re-locate their production to India. As a result, India has become a major mobile phone manufacturing hub", states the Economic Survey 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman.
As per the Economic Survey, in alignment with India's vision of 'Aatmanirbhar Bharat', the Production Linked Incentive (PLI) Scheme was launched in 2020 and now spanning 14 key sectors, with an outlay of Rs.1.97 lakh crore. Till September 2025, under the PLI scheme, an actual investment of over Rs.2.0 lakh crore has been realised, leading to incremental production/sales of...