<p> Bulk drugs, medical devices, white goods, textiles and drones sectors, where MSMEs serve as investment partners/contract manufacturers for large corporates are also benefiting from the scheme.</p><p>Thanks to the incentives, manufacturing of various electronic components like battery, chargers, PCBA, PCB, camera modules, passive components and certain mechanics have been localised. Green shoots are also visible in the component ecosystem. PLI beneficiaries in mobile phones account for a fifth of the market share, but have contributed 82% of mobile phones exports during FY23. Production of mobile phones increased by more than 125% and exports by 4 times since 2020-21. Import substitution of 60% has been achieved in the telecom sector.</p>

PLI Schemes Aid Import Substitution: MSMEs, Too, Among Gainers

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.