India's New Smartphone Export-Linked Incentives
Analysis based on 18 articles · First reported Mar 12, 2026 · Last updated Mar 12, 2026
The new Indian policy is expected to significantly boost the electronics manufacturing sector in India, particularly for companies like Apple Inc. and Samsung Electronics, by incentivizing exports and local component sourcing. This could lead to increased foreign investment and deeper integration of India into global supply chains, potentially shifting manufacturing away from other hubs like China.
India is preparing a new phase of smartphone manufacturing incentives, replacing the current Production-Linked Incentive (PLI) scheme. This new policy will explicitly link government subsidies to smartphone exports and the deeper use of locally made components. The initiative aims to transform India into a global manufacturing hub, moving beyond domestic assembly to higher value addition and integration into global supply chains. Companies like Apple Inc. and Samsung Electronics are expected to benefit significantly, with Apple Inc.'s contract manufacturers already accounting for a large share of India's smartphone exports. The government also seeks to encourage Chinese brands such as Oppo, Vivo, and Xiaomi to utilize India as an export base. The policy design, incentive size, and budget are still being finalized by the India===Ministry of Electronics and Information Technology. This move aligns with Prime Minister Narendra Modi's 'Make in India' program and the Electronics Components Manufacturing Scheme.
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