Synopsis
Earlier this week, the federal government authorized the purposes of 10 cell phone manufacturing firms, together with international ones, for incentives beneath the PLI scheme, which can disburse ₹40,000 crore in 5 years. The scheme gives an incentive of 4% to six% on incremental sale of handsets over a base yr – monetary yr 2019-20.
NEW DELHI: Residence-grown handset producers Dixon Applied sciences, UTL Neolyncs, Lava Worldwide, Optiemus Electronics and Bhagwati (Micromax) are planning to take a position a mixed almost ₹2,000 crore to increase their manufacturing capabilities over the subsequent 5 years, after the federal government allowed them to avail of production-linked incentives (PLI). Earlier this week, the federal government authorized the purposes of 10 cell phone manufacturing
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