DO PLI Scheme is Also Beneficial For Indian Smartphone Companies

 Under the PLI scheme, the mobile manufacturing companies that will receive approval will be entitled to get a 4 to 6% incentive on the overall incremental sales of smartphones over the fiscal year 19-20. Now, companies are in a fix regarding how they are going to reach the target because so many needs to be done, and the announcements came in a little late than expected. This has posed a challenge for the Indian mobile company. 



The stand of the Indian mobile company

Many companies are investing massive amounts to beef up their production of handsets. They are expanding their capacity to manufacture more handsets at a time. But, which Indian mobile company or companies will receive this reward is still undecided.


The Indian mobile company or companies that have been approved by the government under the PLI scheme must improve their line of products and include SMT, improve their products, make their products affordable for the common man of India, win contracts for both export and import, and more. The process for any Indian mobile company is time taking; it will take at least 3 months to incorporate the changes. Hence, many Indian mobile companies are hopeful that the government will understand their plight and do something to support them. 


The Indian iPhone-maker, Pegatron, is still trying to work things out with the government and start their operations in India asap! Things are challenging for Indian mobile company and companies. But, this scheme shows that the government is clearly inclined towards making Indian the smartphone manufacturing hub in the coming years. This is a piece of great news for the Indian community as well as for the Indian mobile company community, even though things look challenging apparently. Ultimately this move is going to help the Indian mobile company community. 


However, as of now, if you are looking to upgrade your mobile phone, buy any top-grade phone from any Indian mobile company with the Bajaj Finserv EMI Network card and choose the no-cost EMI scheme. 

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