According to government and industry officials, Apple and Samsung, the world's well-known companies, are planning to manufacture handsets worth about $5 billion in FY 2022 under the government's flagship production-linked incentive (PLI) scheme.
The target set by the companies is 50% more than the target set by the Centre. The export of mobile phones under this plan will be around $2 billion. A senior government official has said that global companies like Apple and Samsung are expected to exceed their targets this year and we expect the numbers to improve every year.