BIG BOOST!! World's largest Companies to EXPORT 2.45 trillion IT Products

International firms expanding production in India as govt backs investors with PLI

Such incentives would help India increase manufacturing's share in the GDP to 25 per cent in the coming years from the current 17-18 per cent, he pointed out.

The PLI schemes will help India export electronic/IT goods worth Rs 2.45 trillion a year.

"While the government's intention is to bring the five largest companies of the world manufacturing laptops or tablets to India, supported by PLI offer, Apple Inc and Samsung are already expanding production of mobile phones from their Indian plants," Pande told PTI.

The three Apple suppliers are said to be planning investments of roughly USD 900 million over five years.

Samsung as well as Indian firms such as Dixon Technologies, UTL, Neolyncs, Lava International, Optiemus Electronics and Micromax are also expanding their factories to take advantage of the PLI scheme.

Article:- https://auto.economictimes.indiatimes.com/news/auto-components/international-firms-expanding-production-in-india-as-govt-backs-investors-with-pli/81923831

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