ENA Sectors 2022-09-30 08:35:25 <p><span style="font-size:14px"><strong>New Delhi, Sept 30 (KNN)</strong> The Mobile phone production, which had sunk to Rs 18,900 crore in 2014-15, is now up over 14 times to Rs 2,75,000 crore, said the Ministry of Electronics and Information Technology (MeitY) on Thursday.</span></p> <p><span style="font-size:14px">The ministry noted that that the PLI Scheme has turned out to be a catalyst for the growth of Indias electronics manufacturing sector. Around 28 perc cent jump of Rs 60,000 crore was recorded within the first year of the scheme.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The PLI scheme has also helped in increasing the mobile exports, which were almost zero in 2015-16 to reach Rs 27,000 crore in 2019-20, it said.</span></p> <p><span style="font-size:14px">As per reports, In a YoY comparison for the first 5 months of April-August, mobile exports were up 140 per cent to Rs 25,000 crore from Rs 10,300 crore.</span></p> <p><span style="font-size:14px">PLI scheme on Large-Scale Electronic Manufacturing, which includes manufacturing of mobile phones and specified electronic components, was approved in March 2020, with an outlay of Rs 38,645 crore. </span></p> <p><span style="font-size:14px">A total of 16 firms which include 5 global firms under category Mobile Phone, 5 domestic and 6 overseas companies under Specified Electronic Components were approved under the scheme. <em><strong>(KNN Bureau)</strong></em></span></p> 30706 https://knnindia.co.in/news/newsdetails/sectors/pli-scheme-catalyst-for-growth-of-electronics-manufacturing-sector-meity 2022-09-30 08:35:25 knnindia.co.in