Industry Pushes Smartphone PLI 2.0 as India Targets US$130 Billion Annual Output by FY31
The pitch for a new scheme comes after the first smartphone PLI delivered results well above its original targets. The Ministry of Electronics and IT said on April 1, 2026 that the PLI scheme for Large Scale Electronics Manufacturing (LSEM) had achieved ₹17,519 crore in investment against a target of ₹7,000 crore, ₹11,01,813 crore in production against a target of ₹8,12,550 crore, and ₹6,20,974 crore in exports against a target of ₹4,87,530 crore by February 2026.