Foxconn, Samsung get PLI nod: Apple’s vendors lead Rs 41,863 crore electronics push

India has approved ₹41,863 crore in electronic component investments covering 22 new proposals from the likes of Foxconn, Dixon, Samsung and Tata Electronics among others as the Narendra Modi government steps up efforts to build local supply chains and challenge China.

The approvals from the ministry of electronics and information technology under the government’s ambitious Electronics Component Manufacturing Scheme, projected to generate output worth ₹2,58,152 crore, is aimed at reducing India’s import dependence for critical components and accelerate development of high value manufacturing in the country.