Govt likely to roll out mobile PLI 2.0

The Government is likely to roll out production-linked incentives to boost mobile phone exports from the country by May with an outlay of over $5 billion, about INR 46,000 crore, sources aware of the development said.The Scheme for Large Scale Electronics Manufacturing (LSEM) was launched in 2020 with the aim to boost domestic manufacturing of mobile phones in the country with an outlay of INR 40,995 crore, or about $5.7 billion based on exchange rate at that time.LSEM was commonly known as production-linked incentive scheme (PLI) for mobile phones.

“The PLI 2.0 for mobile phones is in the works with a focus on boosting exports. It should be in place by May. The outlay is expected to be over $5 billion,” a source on condition of anonymity

told PTI.Another source said the Ministry of Electronics and IT is in discussion with the finance minister for the PLI after which it will be placed before cabinet for final approval.“Target is to double export of mobile phones from India. However, a lot of things are dependent on the outlay,” the source said. According to official data, smartphones worth INR 2.62 lakh crore, about $28 billion, were exported in 2025 with Apple emerging as the poster boy of the scheme.Total exports under the scheme till February 2026 have crossed 6.2 lakh crore, which is 27 per cent more than the target of INR 4.87 lakh crore set-up under the scheme.The scheme, however, generated 1.85 lakh jobs which is 8 per cent less than the target of 2 lakh jobs envisaged by the Government under the scheme.