Commerce Ministry Questions Smartphone PLI Scheme's Extension, Industry Cites Success
Quick Look
- The commerce ministry questioned the smartphone PLI scheme's extension, but industry data shows production more than doubled, exports rose tenfold, and domestic value addition quadrupled, surpassing China's pace.
- The scheme met all objectives, offering lessons for future manufacturing growth.
AI-generated summary
The commerce ministry questioned the smartphone PLI scheme's extension, but industry data shows production more than doubled, exports rose tenfold, and domestic value addition quadrupled, surpassing China's pace. The scheme met all objectives, offering lessons for future manufacturing growth.