New Delhi, April 1 The production-linked incentive scheme to boost domestic mobile phone manufacturing received more than twice the target investment at ₹17,519 crore, and total production has exceeded the target by 36 per cent at ₹8.12 lakh crore, Parliament was informed on Wednesday.
Data shared by Minister of State for Electronics and IT, Jitin Prasada in the Lok Sabha shows that smartphones worth ₹2.62 lakh crore, about USD 28 billion, were exported in 2025.
"From being an importer of mobile phones back in 2014, India has now become a net exporter. We have more than 300 mobile manufacturing units operational in the country. Smartphones have emerged as India’s top exported commodity in CY (calendar year 2025)," Prasada said in a written reply.
The data shared by the Minister, based on the achievement of the production-linked incentive (PLI) scheme for Large Scale Electronics Manufacturing (LSEM) till February 2026, shows that the total exports under the scheme have crossed ₹6.2 lakh crore, which is 27 per cent more than the target of ₹4.87 lakh crore set under the scheme.
However, the scheme remains short of the job creation targets set by the government. It could generate 1.85 lakh jobs, which is 8 per cent less than the target of 2 lakh jobs envisaged by the government under the scheme. "32 beneficiary companies have been approved under the scheme. An incentive of ₹15,473 Cr. has been disbursed under the scheme till date," Prasada said.
Speaking about PLI for IT hardware, Prasada said a total cumulative production of ₹18,863.1 crore, total cumulative investment of ₹872.16 crore, and total cumulative employment of 5,039 (direct jobs) have been achieved under the scheme, till February, 2026.
The Minister said that the government has rolled out the Electronics Components Manufacturing Scheme (ECMS) to further deepen the supply chain ecosystem and develop a robust electronics component ecosystem in the country.
He said that 260 applications have been received under ECMS, which project an anticipated investment commitment of around ₹1.18 lakh crore.
"As on date, 75 applications have been approved across 12 states under the ECMS scheme. This is expected to attract an investment of ₹61,671 crore and generate 65,040 jobs. Many approved companies under ECMS have entered into technology partnerships/Joint Ventures (JVs) with global electronics manufacturing companies from Korea, Taiwan, Japan, China, Singapore and Malaysia, etc.," Prasada said.
He said that the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) was launched on April 1, 2020, to offset the challenges in domestic manufacturing of electronic components and semiconductors.
A total of 58 applications with a total project cost of ₹22,080.78 Cr have been approved under the scheme. Till February 2026, SPECS has led to a total cumulative investment of ₹18,609 crore and total cumulative employment of 64,443," the Minister said.
He said that the government's effort to boost electronics manufacturing has led to an increase in local production by five times and boosted exports in the segment by eight times from 2014-15 to 2024-25.