India Revamps Smartphone Incentives: Export Push, Localisation Targets Key

• India prepares new incentives to strengthen its position as a global smartphone manufacturing hub.
• The revamped framework will focus on rewarding companies that export devices and use more locally produced components.
• This new scheme will succeed the government’s current Production-Linked Incentive (PLI) program for smartphones, ending March 31.
• Major players like Apple Inc. and Samsung Electronics, along with Chinese brands such as Oppo, Vivo, and Xiaomi, are expected to benefit.
• Apple's iPhone exports from India to the United States now surpass those shipped from China, highlighting India's growing role.