Apple and Samsung set to Manufacture Handsets Worth $5 Billion in 2022

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Apple and Samsung set to Manufacture Handsets Worth $5 Billion in 2022
20 Jan 2022
3 min read

News Synopsis

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.

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