Motilal Oswal: 16 PLI Proposals Approved; Dixon Selected Under Domestic Category
Motilal Oswal: 16 PLI Proposals Approved; Dixon Selected Under Domestic Category
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Motilal Oswal Report
The international mobile phone manufacturing companies approved under the Mobile Phones segment are -
1. Samsung, 2. Foxconn Hon Hai, 3. Rising Star, 4. Wistron, and 5. Pegatron. Of these, three companies – Foxconn Hon Hai, Wistron, and Pegatron – are contract manufacturers for Apple iPhones.
Notably, Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue in Mobile Phones.
The Production Linked Incentive Scheme is expected to result in a manifold increase in these companies’ manufacturing bases in the country.
Under the Mobile Phones (domestic) segment, Indian companies such as 1. Lava, 2. Bhagwati (Micromax), 3. Padget Electronics (subsidiary of Dixon Technologies India Ltd.), 4.UTL Neolyncs (Karbonn), and 5. Optiemus Electronics are approved by Ministry of Electronics and Information Technology.
These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in the mobile phone manufacturing space.
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