Budget 2026 silent on Mobile PLI 2.0 as incentives taper, policy focus shifts to electronics components

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While the Mobile Production Linked Incentive (PLI) scheme nears its end in March 2026, Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, made no announcement on extending or renewing the scheme, despite sustained industry demands for a Mobile PLI 2.0.

This reflects an ongoing pullback in incentive support, with allocations for MeitY-led PLIs covering mobiles and IT hardware dropping to  ₹1,527 crore in BE FY27 from ₹9,000 crore in BE FY26.

Launched by the Ministry of Electronics and IT (MeitY) in 2020, the Mobile PLI was aimed at…



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Budget 2026 silent on Mobile PLI 2.0 as incentives taper, policy focus shifts to electronics components


While the Mobile Production Linked Incentive (PLI) scheme nears its end in March 2026, Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, made no announcement on extending or renewing the scheme, despite sustained industry demands for a Mobile PLI 2.0.

This reflects an ongoing pullback in incentive support, with allocations for MeitY-led PLIs covering mobiles and IT hardware dropping to  ₹1,527 crore in BE FY27 from ₹9,000 crore in BE FY26.

Launched by the Ministry of Electronics and IT (MeitY) in 2020, the Mobile PLI was aimed at…



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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