India plans fresh incentives for phone production in boost for Apple, Samsung

Group 1 - India is planning new incentives for local mobile phone production as its flagship program expires, benefiting global firms like Apple and Samsung [1] - The Indian government aims to expand electronics manufacturing to $500 billion by the fiscal year 2030, with mobile production reaching nearly $60 billion in the 2024-25 fiscal year, a 28-fold increase over the past decade [1] - Mobile exports from India have surged to nearly $21.70 billion, marking a 127-fold increase, making it the country's most exported product in 2025 [1] Group 2 - The new incentives may be linked to exports to enhance globally competitive production, with investments likely to be covered from April this year [1] - The previous production-linked incentive scheme, valued at nearly $21 billion, helped Apple manufacture high-end models in India and was influenced by high tariffs on China [1] - India's Ministry of Electronics and Information Technology is consulting with industry leaders to design the new incentive scheme [1]