Govt Earns Rs 3.25 Lakh Cr in Taxes in Lieu of Rs 19,000 Cr Mobile PLI: Vaishnaw

Got 12 lakh jobs, Rs 3.25 lakh crore in taxes: Vaishnaw hails iPhone PLI scheme

Union Minister Ashwini Vaishnaw has defended India's iPhone manufacturing subsidies, citing tax collections of Rs 3.25 lakh crore and 12 lakh jobs under the mobile PLI scheme. The minister made the statement to criticism over whether India's push for high-tech manufacturing delivers enough domestic value to justify public spending.

Rs 25,000 crore in taxes, 12 lakh jobs: Vaishnaw backs mobile PLI scheme

India's mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections and Rs 3,000 crore in GST. Union minister Ashwini Vaishnaw announced new schemes to further enhance production and strengthen global supply chains. The Mobile Phone Manufacturing Scheme will operate from FY 2026-27 to FY 2030-31, with Rs 62,500 crore allocated. It aims to increase domestic sourcing and support Indian mobile brands through incentives.

Govt collects ₹3.25 lakh crore in taxes in lieu of ₹19,000 cr mobile PLI: Vaishnaw

Ashwini Vaishnaw said the government paid ₹19,000 crore in incentives and collected ₹25,000 crore in direct tax plus ₹3 lakh crore in GST from beneficiaries

Govt Earns Rs 3.25 Lakh Cr in Taxes in Lieu of Rs 19,000 Cr Mobile PLI: Vaishnaw

The minister's post came in response to a media opinion video claiming drawbacks of India's attempt to push electronics manufacturing through subsidies using public money compared to the ecosystem that exists in China

Rs 19,000 crore spent, Rs 3.25 lakh crore collected: Vaishnaw's defence of India's mobile PLI scheme

Ashwini Vaishnaw cited Rs 3 lakh crore in GST and Rs 25,000 crore in direct tax collections against Rs 19,000 crore in mobile PLI payouts, defending the scheme amid criticism over subsidies.

Mobile PLI Scheme Generated Rs 25,000 Crore in Direct Taxes, Employs 12 Lakh People: Vaishnaw

Get latest articles and stories on Business at LatestLY. The government's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against an incentive payout of Rs 19,000 crore, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said, highlighting the financial returns and employment generated by India's mobile manufacturing sector. Business News | Mobile PLI Scheme Ge…