Latest news with #PLIScheme
News18
a day ago
- Business
- News18
India Becomes Top Smartphone Supplier To US, Electronics Output Hits Rs 12 Lakh Crore
Last Updated: Union minister Ashwini Vaishnaw announced India is now the top smartphone supplier to the US, with electronics manufacturing valued at Rs 12 lakh crore. News18 Union minister Ashwini Vaishnaw on Sunday said India has become the leading supplier of smartphones to the United States, with electronics manufacturing in the country now valued at Rs 12 lakh crore, TOI reported. Speaking at the inauguration of metro projects in Bengaluru, Vaishnaw highlighted that India's electronic production has grown sixfold in the past 11 years. He added that electronic exports have surged eightfold to Rs 3 lakh crore and reaffirmed India's position as the world's second-largest mobile phone manufacturer, TOI noted. 'Our electronic production has grown six times in the last 11 years. Today, electronics manufacturing has touched Rs 12 lakh crore. Electronic exports have increased by eight times… Today, it has grown to Rs 3 lakh crore. India has become the second-largest manufacturer of mobile phones in the world," Vaishnaw said, as quoted by TOI. According to official data cited by TOI, India had only two mobile manufacturing units in 2014; today, there are over 300. Back in 2014-15, just 26% of mobile phones sold in India were made domestically, with the rest imported. Now, 99.2% of phones sold in the country are manufactured locally. The Union Minster Jitin Prasada 'The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. Minister further informed Parliament that the country's mobile import demand decreased by 0.02 per cent in 2024-25, from an outstanding 75 per cent in 2014-15. 'PLI Scheme for Large Scale Electronics Manufacturing has significantly impacted the mobile manufacturing sector in India particularly in transforming India from a net importer to a net exporter of mobile phones. Bharat is now the second largest mobile manufacturing country in the world," the minister said. Minister Prasada informed that the PLI Scheme 2.0 for IT hardware has so far attracted a total investment of Rs 717.13 crore, resulting in cumulative production worth Rs 12,195.84 crore and the creation of 5,056 direct jobs as of June 2025. He further stated that India received USD 4,071 million in foreign direct investment (FDI) in the electronics manufacturing sector over the past five years, starting from FY 2020-21. Of this, USD 2,802 million came from companies benefiting under the Ministry of Electronics and IT's PLI scheme. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
3 days ago
- Business
- News18
Govt reopens textiles PLI scheme portal to invite fresh applications
New Delhi, Aug 8 (PTI) The government has reopened the portal for inviting fresh applications under the performance-linked incentive (PLI) scheme for textiles sector, according to an official statement. The application portal will remain open till August 31. 'In view of the requests from the industry stake-holders, Ministry of Textiles has decided to reopen the Production Linked Incentive (PLI) Scheme portal for inviting fresh applications from interested companies under the PLI Scheme for Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. The portal will remain open upto 31 August 2025," the statement said. All terms and conditions, as notified earlier through the respective scheme guidelines, shall continue to apply for the fresh applications. 'Ministry urges all interested companies to take advantage of this opportunity and submit their applications within the specified period," the Textile Ministry statement said. In September 2021, the Centre had approved the PLI scheme worth Rs 10,683 crore for textiles sector, including MMF (man-made fibre) apparel, MMF fabrics and ten segments/products of technical textiles to boost domestic manufacturing and exports. PTI RSN TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 08, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
26-07-2025
- Business
- Time of India
Mobile PLI creates 1.3 lakh direct jobs till Jun 2025: Jitin Prasada
The PLI Scheme for Large Scale Electronics Manufacturing, mainly meant for mobile phone production, has created 1.3 lakh direct jobs till June 2025, Parliament was informed on Friday. Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of ₹12,390 crore and achieved cumulative production of ₹8.44 lakh crore. "India has transformed itself from a net importer to a net exporter of mobile phones. India is now the second-largest mobile manufacturing country in the world. The PLI Scheme has significantly boosted investment, production, exports, and job creation in India's electronics sector," Prasada said. He said that the country has exported goods worth ₹4.65 lakh crore under the scheme. According to data shared by Prasada, the export of just mobile phones "increased 127 times" from India from ₹1,500 crore in 2014-15 to ₹2 lakh crore in 2024-25. The minister said 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25.
Time of India
25-07-2025
- Business
- Time of India
Mobile PLI creates 1.3 lakh direct jobs till Jun 2025: Jitin Prasada
The PLI Scheme for Large Scale Electronics Manufacturing, mainly meant for mobile phone production, has created 1.3 lakh direct jobs till June 2025, Parliament was informed on Friday. Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of Rs 12,390 crore and achieved cumulative production of Rs 8.44 lakh crore. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Digital Marketing CXO Product Management Data Analytics MCA Public Policy Data Science Technology healthcare Management PGDM Operations Management Leadership Healthcare Project Management others Cybersecurity Degree Others MBA Data Science Artificial Intelligence Finance Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details "India has transformed itself from a net importer to a net exporter of mobile phones. India is now the second-largest mobile manufacturing country in the world. The PLI Scheme has significantly boosted investment, production, exports, and job creation in India's electronics sector," Prasada said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo He said that the country has exported goods worth Rs 4.65 lakh crore under the scheme. According to data shared by Prasada, the export of just mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. Live Events The minister said 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25.
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Business Standard
25-07-2025
- Business
- Business Standard
Mobile PLI created 130,000 direct jobs till Jun 2025: MoS IT Prasada
Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of Minister of State for Electronics ₹12,390 crore Press Trust of India New Delhi The PLI Scheme for Large Scale Electronics Manufacturing, mainly meant for mobile phone production, has created 1.3 lakh direct jobs till June 2025, Parliament was informed on Friday. Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of ₹12,390 crore and achieved cumulative production of ₹8.44 trillion. "India has transformed itself from a net importer to a net exporter of mobile phones. India is now the second-largest mobile manufacturing country in the world. The PLI Scheme has significantly boosted investment, production, exports, and job creation in India's electronics sector," Prasada said. He said that the country has exported goods worth ₹4.65 lakh crore under the scheme. According to data shared by Prasada, the export of just mobile phones "increased 127 times" from India from ₹1,500 crore in 2014-15 to ₹2trillion in 2024-25. The minister said 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
