Google has partnered with two companies to manufacture Pixel smartphones in India. The company has already started the trial production of smartphones in India.
Apple has manufactured iPhones worth over Rs 1 lakh crore in the first 11 months of FY 24 through the PLI scheme. Furthermore, companies like Foxconn, Pegatron, and Wistron have generated a significant number of new job opportunities for young people in iPhone factories.
The government might introduce support measures for sustainable growth in income for rural households, enhancing disposable income in the rural economy, according to Deloitte's budget expectations report.
The scheme was notified on September 23, 2021. The scheme was open for receiving applications till January 9, 2022. Incentives are applicable under the scheme for determined sales of advanced automotive technology products (vehicles and components) manufactured in India from April 2022 onwards for a period of five consecutive years.
Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman said, "10 new champion sectors will now be covered under the Production Linked Incentives (PLI) Scheme to boost the competitiveness of domestic manufacturing.
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