SME Times News Bureau | 28 Jun, 2021
Giving a major push to the domestic electronics industry, the Centre has
decided to extend the tenure of the Production Linked Incentive (PLI)
scheme for large-scale electronics manufacturing by one year till FY
2025-26.
The participating companies will get the option of
choosing any five years for meeting their production targets under the
scheme. Further, investments made in 2020-21 will continue to be
covered.
The scheme provides incentive of 6 per cent to 4 per
cent on incremental sales of goods under target segments that are
manufactured in India, for a period of five years.
The extension
would be supportive to manufacturers as companies have been unable to
achieve incremental sales condition due to disruption in production
activities due to pandemic related lockdowns, restrictions on movement
of personnel, delay in installation of relocated plant and machinery and
disruption in supply chain of components.
