DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26. Homegrown manufacturers like Bhagwati (Micromax), Lava, and Optiemus Electronics are unlikely to meet the eligibility criteria, signaling a missed opportunity for India's indigenous smartphone sector.
Among domestic manufacturers, only UTL Neolyncs - which produces Karbonn and Jio phones - has managed to claim incentives under the scheme, and that too for just a year or two, according to industry sources.
This story is from the December 21, 2024 edition of Financial Express Ahmedabad.
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This story is from the December 21, 2024 edition of Financial Express Ahmedabad.
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