The production-linked incentive scheme to boost domestic mobile phone manufacturing received more than twice the target investment at Rs 17,519 crore, and total production has exceeded the target by 36 per cent at Rs 8.12 lakh crore, Parliament was informed on Wednesday. | AI
New Delhi: The production-linked incentive scheme to boost domestic mobile phone manufacturing received more than twice the target investment at Rs 17,519 crore, and total production has exceeded the target by 36 per cent at Rs 8.12 lakh crore, Parliament was informed on Wednesday. The data shared by minister of state for electronics and IT, Jitin Prasada in Lok Sabha shows that smartphones worth Rs 2.62 lakh crore, about USD 28 billion, were exported in 2025.”From being an importer of mobile phones back in 2014, India has now become a net exporter. We have more than 300 mobile manufacturing units operational in the country. Smartphones have emerged as India’s top exported commodity in CY (calendar year 2025,” Prasada said in a written reply.The data shared by the minister based on achievement of the production-linked incentive (PLI) scheme for Large Scale Electronics Manufacturing (LSEM) till February 2026 shows that the total exports under the scheme have crossed 6.2 lakh crore, which is 27 per cent more than target of Rs 4.87 lakh crore set-up under the scheme.
The scheme, however, remains short of job creation targets set by the government. It could generate 1.85 lakh jobs which is 8 per cent less than the target of 2 lakh jobs envisaged by the government under the scheme. “32 beneficiary companies have been approved under the scheme. An incentive of Rs. 15,473 Cr. has been disbursed under the scheme till date,” Prasada said.
Talking about PLI for IT hardware, Prasada said a total cumulative production of Rs 18,863.1 crore, total cumulative investment of Rs 872.16 crore and total cumulative employment of 5,039 (direct jobs) have been achieved under the scheme, till February, 2026.The minister said that the government has rolled out the Electronics Components Manufacturing Scheme (ECMS) to further deepen the supply chain ecosystem and develop a robust electronics component ecosystem in the country.He said that 260 applications have been received till date under ECMS which project an anticipated investment commitment of around Rs 1.18 lakh crores.”As on date, 75 applications have been approved across 12 states under the ECMS scheme. This is expected to attract an investment of Rs 61,671 crores and generate 65,040 jobs. Many approved companies under ECMS have entered into technology partnership/Joint Venture(JV) with global electronics manufacturing companies from Korea, Taiwan, Japan, China, Singaporeand Malaysia etc,” Prasada said.He said Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) was launched on April 1, 2020 for offsetting the disability for domestic manufacturing ofelectronic components and semiconductors. A total of 58 applications with a total project cost of Rs 22,080.78 Cr have been approved under the scheme. Till February 2026, SPECS has led to a total cumulative investment of Rs. 18,609 crore and total cumulative employment of 64,443,” the minister said.He said that the government’s effort to boost electronics manufacturing has led to an increase in local production by five times and boosted exports in the segment by eight times till 2024-25 from 2014-15.(Except for the headline, this article has not been edited by FPJ’s editorial team and auto-generated from an agency feed.)