Apple and Samsung are expected to manufacture/assemble smartphones worth around $5 billion (nearly Rs 37,000 crore) in the financial year 2021-22.
The two companies are set to surpass the PLI targets set by the government by over 50 per cent, according to reports.
Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA) stated that besides Pegatron and Bharat FIH which are now gearing up, the big three - Wistron, Pegatron and Samsung will achieve significant production of $5 billion in 2022.
Apple's contract manufacturers in India -- Foxconn and Wistron -- will avail the PLI incentives for the first time this year, while Samsung, will avail the incentives under the scheme for the second year.
India A Beat Oman By 6 Wickets To Reach Asia Cup Rising Stars Semifinals
Panvel Starts 2-Week Leprosy Detection Drive To Achieve Zero Transmission by 2027
Panvel Municipal Corporation Speeds Up Road Repairs Across All Wards
Senior Citizens Demand Increased Police Patrolling At Vashi Mini Seashore; BJP’s Vikas Sorte Submits Request
(With inputs from IANS)
