The Govt's Production Linked Incentive (PLI) Scheme has been indiscriminately underappreciated & uncovered by both media & the party itself.

Here's why it's the biggest boost yet to both Make in India & Atmanirbhar Bharat, and adds momentum to the Boycott China movement:

1/n
Under the PLI scheme, manufacturers of mobile phones & electronic equipment in India get a 4-6% incentive on their annual revenues if they meet certain targets.

This comes at a time when companies are leaving China, disillusioned by the CCP & seeking greener pastures.

2/n
The scheme is available to companies that manufacture mobile phones worth ₹15,000+, with different targets for global & domestic handset makers.

In case of global handset makers, the companies must achieve manufacturing revenue of more than ₹10,000 Cr in the base year.

3/n
Similarly, in case of domestic handset makers, companies must achieve manufacturing revenue of more than ₹100 Cr in the base year.

So far, 10 mobile manufacturers have been accepted under the scheme: 5 global companies & 5 domestic companies.

4/n
The foreign companies include:

~Samsung
~Rising Star
~Foxconn, the makers of Apple iPhones
~Wistron, the Taiwan-based makers of Acer phones
~Pegatron, the Taiwan-based makers of Asus phones

5/n
Worth mentioning that Samsung & Apple together account for 60%+ of global revenue from smartphones, and will be bringing a large chunk of this revenue & thereby investment into India.

This will also offer Indian consumers higher quality smartphones at cheaper rates.

6/n
On the domestic front, the PLI scheme is all set to resurrect several domestic mobile makers:

~LAVA
~Bhagwati, makers of Micromax phones
~Padget Electronics, makers of MI phones
~UTL Neolyncs, makers of Karbonn phones
~Optiemus Electronics, makers of Blackberry phones

7/n
The biggest highlight is Micromax, who started its business operations in India with a bang but was outcompeted by cheaper Chinese smartphones.

Thanks to the PLI scheme, the Indian phone maker is planning a second coming with the slogan, "Aaao Thodi Cheeni Kum Karein".

8/n
The current forecasts predict that the scheme will bring in investments to the tune of a whopping ₹11,000 Cr & create 3 Lakh jobs in the process.

It's also expected to result in production worth $10.5 Trillion over the next 5 yrs, of which 60% will come from exports.

9/n
This is by far one of the most exciting schemes that have been launched on the economic front.

We're capitalizing on the anti-China sentiment currently rampant in the corporate world by inviting major manufacturers, while also resurrecting domestic ones like Micromax & Karbonn.
By wooing companies from China to India, the Modi Govt has hit two birds with one stone by boosting the Make in India campaign while giving momentum to the Boycott China movement.

If a Govt is entitled to criticism, it's also entitled to get credit where due.
Correction: ₹10.5 Trillion, not USD 10.5 Trillion lol
Thanks for pointing out 👍

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Rohan Sachdeva

Rohan Sachdeva Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @iRohanSachdeva

23 Oct
I see a lot of people both defending and attacking him. But why?

After spending the 19th & 20th centuries blazing through fossil fuels & degrading the environment during their era of industrialization, the West lost the locus standi to give sermons on protecting the environment.
The West is where it's today because of those 200 years of unchecked & unapologetic industrialization. It's our time now & we don't owe anyone an explanation.

Despite having no moral obligation, we're still doing FAR more than any developing nation in terms of achieving our SDGs
We are far ahead of our own targets under the Paris Accord.

Share of non-fossil fuels in power generation:
2030 target: 40%
2020 status: 38%

Reduction in carbon footprint:
2030 target: 33-35%
Est figure: 45%

Bonus: Cheapest solar energy in the world

foreignpolicy.com/2020/10/22/gre…
Read 4 tweets
11 Oct
People out here think putting a bindi and a nose ring is going to win over Hindu hearts. Indian commies have been doing that since time immemorial.

Even if she joins BJP, never forget the mockery and insult that came our way from her quarters.
Also, simply switching sides to ride the populist wave and doing the most pragmatic thing for your potential career in politics isn't a "change of hearts".

She's going to have try harder than that to win over people's trust. But then again, she's a film celebrity 🤷‍♂️
Waah.

Each time an outsider joins in a lateral entry, a hard-working karyakarta is betrayed.

Read 4 tweets
29 Sep
Things many may not know:

~There is now proof of 🇵🇰 fighting Armenia on behalf of Azerbaijan on the frontlines

~🇵🇰is the ONLY country in the world that does not recognise Armenia's sovereignty

~🇵🇰is risking serious sanctions for engaging in a war without official communication
But to be fair, Pakistan didn't have much choice.

They either risk international backlash by entering a war far from its borders, or they risk alienating their new-found alliance of losers by refusing to deploy in Nagorno-Karabagh.

Lose-lose situation.

Pakistan's capabilities are a world-renowned joke.

Pakistan’s ex Army Chief General Raheel Sharif has been tasked with fighting the Yemeni Houthis on behalf of Saudi, and it has been an embarrassment for both Pakistan and Saudi to say the least 😂

Read 4 tweets
29 Sep
NEVER FORGET.

Some of the great "humanitarian work" done by Amnesty India

1)Supported CPIM's calls for scrapping AFSPA, Sedition, Death Penalty and the NSA
2) Opposed death penalty for Nirbhaya's rapists.

This is not an argument for/against death penalty. These guys were beyond reform & rehabilitation, and would only be a burden on society if let free, and a burden on the taxpayer if imprisoned for life.

3) Opposed India's right to regulate its own borders and deport illegal immigrants, especially those who have been kicked out of their own country for taking up arms against Myanmar and trying to carve out their own State in Rakhine.

Read 8 tweets
27 Sep
Not really, that's a simplified way of putting it. He wants to carve out a sphere of influence in regions that him & the majority of Turks feel were "stolen" from them after WW1.

Basically assert Turkey as the dominant power in the Mediterranean crescent from Greece to Libya.
He's been going after potential "threats" like the Kurds & trying to establish friendly regimes in the MENA.

Not many know that Turkey's intervention in Syria wasn't the first move by Erdogan in this direction. The first was a regime change coup in Egypt that eventually failed.
The Muslim Brotherhood, under the guidance of Erdogan's AKP and inspired by their rampant success in Turkey, started growing their influence in Egypt.

After the 2011 revolution, the group was legalised. A year later, it came to power with Mohamed Morsi as President.
Read 7 tweets
27 Sep
Just in: @Pres_Artsakh has confirmed that Turkish F-16s have been used in the attacks on Artsakh.

This is direct involvement that makes Turkey an ACTIVE BELLIGERENT in the war, and is likely a violation of the terms of agreement that US had set on the sale of the F-16s.
Azerbaijan doesn't have F-16s of its own and Turkey isn't allowed to sub-lease them either, which rules out the possibility of the jets being used by the Azeri air force.

Unless the Turkish Parliament declares a state of war within the next 48 hrs, this is a potential war crime.
I've said this before, I'll say it again:

Turkey's hyper jingoist foreign policy is the perfect case study of everything NOT to do as a regional power that seeks to carve out spheres of influence.

Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!