Branch² Intelligence

PLI 2.0 More Focused Scheme, Structured Differently From 1.0: MeitY Secretary

IN · 2026-07-18

Key takeaway

PLI 2.0 is redesigned to boost homegrown smartphone makers losing market share despite rising volumes.

Step 1MeitY announces PLI 2.0 with redesigned incentives for domestic smartphone makers.
Step 2Homegrown OEMs increase local sourcing to meet value-addition targets, boosting demand for Indian component suppliers.
Step 3Indian electronics manufacturing ecosystem deepens, reducing import dependency and improving trade balance.
Step 4SMEs in the component supply chain (e.g., PCB, battery, display assembly) see revenue growth and margin expansion.

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