Defer PLI targets for global, domestic smartphone cos: Industry associations
Synopsis
Nine out of ten companies under the PLI scheme for handsets could not meet the year one incremental sales turnover targets in the financial year ended March 2021 despite their best efforts, CII, Ficci and Assocham said in separate letters to the government.
Top industry associations have urged the government to defer incentive timeline for global and domestic smartphone makers under the production-linked incentive scheme in view of disruptions in the supply chain and delay in setting up of production lines due to the pandemic.
Nine out of ten companies under the PLI scheme for handsets could not meet the year one incremental sales turnover targets in the financial year ended March 2021 despite
