Uploaded on Sep 10, 2020
Presentation on "GOVERNMENT APPROVES A PROPOSAL TO EXPORT MADE IN INDIA MOBILE PHONES WORTH $100 BILLION"
GOVERNMENT APPROVES A PROPOSAL TO EXPORT MADE IN INDIA MOBILE PHONES WORTH $100 BILLION
GOVERNMENT APPROVES A PROPOSAL TO EXPORT MADE IIN IINDIIA MOBIILE PHONES WORTH $100 BIILLIION INTRODUCTION • Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion from India have been cleared by the empowered group. Source: SiliconIndia APPROVAL • The empowered committee has approved all applications estimated to export around $100 billion (Rs 7.3 lakh crore) worth mobile phones under the production linked incentive scheme (PLI). • All the applications will be placed before the cabinet probably this week Source: PYMNTS.com PRODUCTION ESTIMATION • Apple’s contract manufacturers and Samsung have submitted production estimates of phones worth $50 billion each in the next five years, according to the applications. • Exports will be slightly lower in each case. Source: IndiaEra TRUST IN INDIA’S MANUFACTURING CAPABILITY • The extraordinary response to the PLI shows enormous trust of the global community in India’s manufacturing capability. Source: India Today BENEFIT OF THE SCHEME • Several brands and suppliers showed interest by applying for the scheme and gain benefits worth Rs 41,000 crore. Source: Adobe Stock AIM OF PLI SCHEME • The PLI scheme, which aims to make India a manufacturing hub for smartphones, was notified in April. • The scheme is aimed at attracting manufacturers looking to move out of China amid Sino-US trade tensions. Source: The Financial Express AIM OF PLI SCHEME • Members of the empowered committee include: – Niti Aayog CEO – Secretaries of economic affairs, expenditure, revenue – The Ministry of Electronics and Information Technology (MeitY) – Department for Promotion of Industry and Internal Trade (DPIIT) – Directorate General of Foreign Trade (DGFT) Source: The Economic Times APPLE • Apple’s contract manufacturers started producing its latest handset models, the iPhone 11 and iPhone SE, shortly in India. • Pegatron, Apple's second-largest contract manufacturer is looking to set up its factory. Source: Screen Guards India SAMSUNG • Samsung, which now exports phones worth about $2.5 billion from India, is all set to ramp up its production to handsets worth $50 billion in the next five years. • Of this, $40 billion will comprise devices with a factory price of more than $200. Source: Samsung THANK YOU
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