India aims to build a complete supply chain for mobile production within three years, driven by the production-linked incentive (PLI) scheme. Samsung India's President and CEO predicts that once the sub-supplier supply chains are established, the growth of the industry will be led by the industry itself. The PLI scheme has already attracted over ₹1.03 lakh crore of investment and has resulted in a significant increase in mobile phone manufacturing and exports. Samsung plans to develop more local use cases adaptive to Indian consumers with artificial intelligence (AI).
Frequently Asked Questions (FAQs)
Q: What is the PLI scheme?
A: The Production Linked Incentive (PLI) scheme is a strategic initiative by the Indian government aimed at boosting manufacturing capabilities within the country. It incentivizes companies to manufacture domestically by providing benefits linked to increased production. The scheme is designed to integrate India’s manufacturing sector with global supply chains and promote domestic value addition.
Q: How is the PLI scheme expected to help India create a complete mobile supply chain?
A: According to Samsung, as reported by Investing.com India, the PLI scheme is expected to aid India in establishing a complete mobile supply chain over the next three years. This includes attracting investments and technological expertise, which are essential for developing extensive manufacturing infrastructure capable of serving both the domestic and international markets.
Q: What kind of investment has the PLI scheme attracted so far?
A: As reported 13 hours ago from the source, the PLI scheme has attracted over Rs 1.03 lakh crore of investment till November 2023. This reflects the interest of companies in leveraging the scheme for setting up or expanding their manufacturing bases in India.
Q: How much investment is expected from companies under the PLI scheme?
A: Companies like HP, Dell, and others are expected to invest a collective amount of $360 million as part of the initiative to make hardware in India under the incentive plan (as per a report from CNBC.com on November 21, 2023).
Q: How many jobs is the PLI scheme expected to create?
A: The incentive plan under the PLI scheme, which has seen the involvement of tech companies like HP and Dell, is expected to create about 200,000 jobs. This includes 50,000 direct employment opportunities according to a report by CNBC on November 21, 2023.
Q: Is there a deadline or time frame associated with the PLI scheme's objectives?
A: The specific timeline mentioned by Samsung Electronics Co, as per Investing.com India, suggests that the PLI scheme aims to help India establish a complete mobile supply chain within the next three years from the reporting date.
Q: How is the PLI scheme influencing foreign investors and manufacturing exports?
A: The PLI scheme is part of the government’s broader initiatives to encourage foreign investors to set up in India and capitalize on manufacturing export opportunities. India is presenting itself as a viable alternative with its supply chain diversification and manufacturing sector advantages, according to Bain insights.
For more detailed information and the latest updates on the PLI scheme, you can review the sources provided in the links of the original search results.