📊Executive Summary

The Indian government has launched a production linked incentive (PLI) scheme aimed at boosting private sector investment in electronics manufacturing, particularly in mobile phones. Apple has played a significant role, accounting for 70% of mobile phone shipments in January 2025. The PLI scheme, which has an outlay of Rs 23,000 crore, aims to increase domestic value addition in electronics components, including display modules and printed circuit boards, from 15-20% to 30-40%. This initiative is expected to create approximately 91,600 jobs and address a significant demand-supply gap in the sector, providing a unique opportunity for India amidst global geopolitical tensions....