The government is reportedly planning to seek a second round of applications under the production-linked incentive (PLI) scheme by January 2021. The scheme is specially directed to attract electronics component makers, for sops worth Rs 20 billion over five years.
To this end, the government is actively engaged with key suppliers of Apple iPhone-makers (Foxconn, Wistron, Pegatron) and Samsung for participation.
The financial outlay of Rs 20 billion is part of the already allocated PLI budget of Rs 409.51 billion and hence won’t need Cabinet approval.
Earlier in October 2020, the government cleared 16 companies under three categories of PLI. This included five global handset firms- Apple’s contract manufacturers Foxconn, Wistron and Pegatron, besides Samsung. It also included five domestic players and six component manufacturers.
