**BPL Ventures into Electronics Component Manufacturing by Year-End**
**Meta Description:** Bhagwati Products Limited (BPL) plans to enter electronics component manufacturing by year-end, focusing on high-value supply-chain products.
**URL Slug:** bpl-electronics-component-manufacturing
**BPL Ventures into Electronics Component Manufacturing by Year-End**
Bhagwati Products Limited (BPL), co-founded by Micromax’s Rahul Sharma, is set to enter the electronics component manufacturing sector by the end of this year. This move follows the company’s successful ramp-up in the production of smartphones, tablets, wearables, and storage devices. During a recent media interaction, Sharma revealed that the company has already secured land for the new manufacturing facility and will soon announce its joint venture partner.
Sharma emphasized that BPL is committed to component manufacturing, starting with display technologies and expanding into mechanical components. The company aims to concentrate on high-value supply-chain products, aligning its strategy with the government’s initiative to encourage electronics component manufacturing through a substantial subsidy scheme.
The government has opened applications for a ₹22,919 crore electronics component manufacturing scheme, which offers incentives of up to 10% of turnover and 25% of capital expenditure for setting up manufacturing facilities. Sharma clarified that BPL’s plans are independent of the government’s selection process for incentive applicants.
Despite being a beneficiary of the smartphone Production-Linked Incentive (PLI) scheme, BPL previously missed out on significant incentives due to challenges in scaling up production and securing large orders. However, the company has recently increased its production capacity and is now positioned to apply for incentives in FY25, following a joint venture with Chinese ODM Huaqin, which acquired a 49% stake in BPL.
Sharma noted that the expertise from Huaqin will be replicated in India, with a focus on three key ecosystems: smartphones, personal computers (PCs), and automotive electronics. The partnership with Huaqin is expected to facilitate BPL’s transition from electronics contract manufacturing to original design manufacturing, allowing for greater control over the entire lifecycle of electronic products.
Currently, BPL produces approximately 2 million smartphones each month, serving notable clients such as Vivo, OPPO, MiPhi, OnePlus, Lenovo, and Acer. To accommodate its growing order book, the company is expanding its operations with a new manufacturing unit adjacent to its flagship 15 lakh sq. ft. facility in Greater Noida. In addition to its Noida factory, BPL operates two other plants in Bhiwadi, Rajasthan, and Hyderabad, Telangana, dedicated to mobile phone and television production.
With high demand for smartphones, tablets, true wireless stereo (TWS) devices, and storage solutions, BPL is targeting a revenue of ₹15,000 crore in FY26 and aims to produce 25 million units by the end of this year.
**FAQ**
**What is BPL’s new focus in manufacturing?**
BPL is entering the electronics component manufacturing sector, starting with display technologies and expanding into mechanical components, aiming for high-value supply-chain products.