Five companies to receive incentives worth Rs 44 billion under PLI scheme for LSEM sector -

Five companies are set to receive incentives worth over Rs 44 billion for meeting production targets in the financial year 2023 under the production-linked incentive (PLI) scheme for the large-scale electronics manufacturing (LSEM) sector. The beneficiaries include Apple Inc.’s three contract manufacturers in India – Foxconn (Hon Hai), Wistron (owned by Tata Group) and Pegatron – along with Samsung and Dixon Technologies.

The original plans had set an outlay of Rs 65.04 billion for the financial year 2024; however, not all companies selected for the scheme met the outlined production targets. Therefore, the full amount will not be utilised. Companies that failed to meet their PLI targets include Lava International, Optiemus Electronics, and Rising Star (Bharat FIH).

Five companies to receive incentives worth Rs 44 billion under PLI scheme for LSEM sector

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