India, April 16 -- The Government of India is preparing to roll out the second phase of the production-linked incentive (PLI) scheme for mobile phones, referred to as Mobile PLI 2.0, by May this year, despite the programme not being mentioned in the Union Budget speech, according to multiple media reports.

The proposed scheme is expected to involve an outlay of around Rs 46,000 crore (approximately USD 5 billion) and is aimed at boosting domestic manufacturing and increasing mobile handset phone exports. The initiative is part of a broader effort to strengthen India's position in the global electronics manufacturing landscape.

This development follows the expiry of the Scheme for Large Scale Electronics Manufacturing (LSEM) in March 202...