PLI 2.0 targets 55%+ smartphone value addition, paired with Rs 40,000 cr ECMS push
India's next phase of mobile manufacturing incentives may mandate over 55% domestic value addition, working alongside the Rs 40,000 crore Electronics Component Manufacturing Scheme to localise displays, cameras and batteries. The original PLI drew 32 beneficiaries, Rs 17,519 cr in investment, Rs 11.01 lakh cr in production and Rs 6.27 lakh cr in exports.
What happened
Government of India - MeitY · India's PLI 2.0 for mobile phones may target over 55% domestic value addition, aligning with the Rs 40,000 crore ECMS to deepen
Key facts
- 55% domestic value addition
- Rs 40,000 crore ECMS
- Rs 40,995 crore PLI outlay
- 32 beneficiary companies
- Rs 17,519 crore investments
- Rs 11.01 lakh crore production
- Rs 6.27 lakh crore exports
- 75 ECMS facilities
Why this matters
Scout acquisition or JV targets in domestic display, camera module, and battery cell capacity now, before PLI 2.0 notifications trigger valuation premiums on scarce ECMS-qualifying assets.