Govt likely to roll out mobile PLI 2.0

The Government is likely to roll out production-linked incentives to boost mobile phone exports from the country by May with an outlay of over $5 billion, about INR 46,000 crore, sources aware of the development said.The Scheme for Large Scale Electronics Manufacturing (LSEM) was launched in 2020 with the aim to boost domestic manufacturing of mobile phones in the country with an outlay of INR 40,995 crore, or about $5.7 billion based on exchange rate at that time.LSEM was commonly known as production-linked incentive scheme (PLI) for mobile phones.