The Indian government has set an ambitious goal with the Production Linked Incentive (PLI) program for mobile-phone manufacturing. By 2026, it aims to push the country's annual exports to a whopping $300 billion.
The idea is 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?
Daybreak