Mobile PLI scheme reportedly generates ₹25,000 crore in direct taxes, says Ashwini Vaishnaw.
The Production Linked Incentive (PLI) scheme for mobile phone manufacturing has generated ₹25,000 crore in direct tax collections, according to Union Minister Ashwini Vaishnaw. He noted that this comes against an incentive payout of ₹19,000 crore and has also contributed ₹3,000 crore to Goods and Services Tax collections. Vaishnaw emphasized the sector's job creation potential, stating that electronics manufacturing employs 25 lakh people, with mobile manufacturing alone providing 12 lakh jobs. His comments were made in response to skepticism about the effectiveness of India's mobile manufacturing model and the government's role in incentivizing the sector.
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