Tuesday, May 17, 2022
HomeBreaking NewsPLI boom: ₹47,000 crore of iPhones likely to be made in India

PLI boom: ₹47,000 crore of iPhones likely to be made in India

Apple’s contract manufacturers are expected to make iPhones worth ₹47,000 crore in India this fiscal, the second year of the production linked incentives ( PLI ) scheme that started in April. This will be almost five times the ₹10,000 crore worth of iPhones made in the country in FY22 by Foxconn and Wistron . Expected production for FY23 is also more than twice the requirement for the iPhone makers together to qualify for incentives for the second year under the PLI scheme for smartphones . The scheme requires each of the contract manufacturers – Foxconn, Wistron and Pegatron – […]

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