India’s push to boost its domestic mobile phone manufacturing continues to gain momentum. The Cabinet Committee on Economic Affairs (CCEA) has approved a renewal of the Production-Linked Incentive (PLI) scheme for mobile phones, citing significant progress in domestic value addition. This decision reflects confidence in the scheme’s success and its contribution to India’s tech sector growth.

The CCEA’s endorsement is based on the achievement of a 23% domestic value addition within the mobile phone manufacturing sector. This substantial increase demonstrates the PLI scheme’s effectiveness in attracting investment and fostering local production capabilities. The renewal ensures continued government support for this crucial industry segment.

The continued investment in the PLI scheme signals India’s ambition to become a global manufacturing hub for mobile phones. This initiative not only creates jobs and stimulates economic growth, but also strengthens India’s technological independence. The success of the first phase suggests that this renewed commitment will further propel the country’s position in the global mobile phone market. Further details regarding the specifics of the renewed scheme are expected to be released soon. This development will undoubtedly be closely watched by both domestic and international players in the mobile phone industry. The long-term impact on job creation and technological advancement within India remains a key area of interest.