Tag: PLI scheme

This comes barely a week after the DoT blocked the entry of Chinese technology giants in the 5G trials. Chinese gear vendors like Huawei and ZTE will not participate in these trials

Apart from Foxconn, Wistron and Dell domestic mobile manufacturers including Lava are among the 19 companies that have applied for investments under the scheme for IT hardware manufacturing

The PLI scheme has been approved with a financial outlay of Rs 4,500 crore over a period of five years

The mobile manufacturers have invested over Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter

According to the ministry of commerce, the scheme is likely to bring in investment of around Rs 3,000 crore and generate huge direct and indirect employment

A Nasscom report jointly released by McKinsey & Company Knowledge Partners - also noted that technology-driven companies are leading the path to a faster recovery globally

The Union government has recently announced 13 PLI schemes following an economic lull due to the Covid-19 pandemic outbreak

To improve overall economic sentiment India has recently announced 13 PLI schemes following an economic lull due to the Covid-19 pandemic outbreak.

The PLI scheme for handsets entails an investment of Rs 11,000 crore from global and domestic companies like Foxconn, Wistron, Pegatron, Samsung, Lava, Dixon and Micromax to manufacture mobile phones worth Rs 10.5 lakh crore over the next five years

In a bid to give a push to Prime Minister’s Atmanirbhar Bharat scheme, Indian smartphone maker Lava Mobiles has unveiled the world's first customisable smartphone series 'MyZ'