Government launched Rs 50,000 crore plan on Tuesday to boost electronics manufacturing in the country, saying it would be start by offering 5-global smartphone makers incentives to establish or expand domestic production in India. The government is offering a Production-Linked Incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over five years, with 2019-2020 as the base year, Union Minister Ravi Shankar Prasad told in a news conference. Names of the top five companies, which would have to meet investment and sales thresholds to be…
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