Synopsis
Earlier this week, the government approved the applications of 10 mobile phone manufacturing companies, including foreign ones, for incentives under the PLI scheme, which will disburse ₹40,000 crore in five years. The scheme offers an incentive of 4% to 6% on incremental sale of handsets over a base year – financial year 2019-20.
NEW DELHI: Home-grown handset manufacturers Dixon Technologies, UTL Neolyncs, Lava International, Optiemus Electronics and Bhagwati (Micromax) are planning to invest a combined nearly ₹2,000 crore to expand their manufacturing capabilities over the next five years, after the government allowed them to avail of production-linked incentives (PLI). Earlier this week, the government approved the applications of 10 mobile phone manufacturing
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