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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