CDS backs mobile phone PLI renewal citing 23% domestic value addition

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New Delhi: The government should look at extending the production-linked incentive (PLI) scheme for mobile phone production to sustain the momentum of growing exports, even as domestic value addition, both direct and indirect, increased to 23% in 2022-23, amounting to $10 billion for mobile phone manufacturing, said a study conducted by the Centre for Development Studies (CDS).

According to the report, released on Wednesday in collaboration with the India Cellular and Electronics Association (ICEA), mobile phone exports surged to $24.1…



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CDS backs mobile phone PLI renewal citing 23% domestic value addition


Our Bureau

New Delhi: The government should look at extending the production-linked incentive (PLI) scheme for mobile phone production to sustain the momentum of growing exports, even as domestic value addition, both direct and indirect, increased to 23% in 2022-23, amounting to $10 billion for mobile phone manufacturing, said a study conducted by the Centre for Development Studies (CDS).

According to the report, released on Wednesday in collaboration with the India Cellular and Electronics Association (ICEA), mobile phone exports surged to $24.1…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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