On Thursday last week, the Telecom Minister of India, Ashwini Vaishnaw, declared during a press briefing that mobile phone manufacturing worth $50 billion will take place in India in the current financial year. He also said that the total exports from the category will reach $15 billion.
A significant portion of this growth has to do with what the govt did three years ago. It launched a PLI scheme that aimed to make India the hub of mobile phone manufacturing. The idea was to boost large-scale manufacturing and to support domestic phone makers to become globally competitive.
But of the six companies that made the cut to claim the scheme’s incentives, only two are Indian.
Why is “Make in India” attracting more foreign phone makers than Indian ones?
Also, there's a surprise for you at the end of the episode.
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