Updated Apr 12, 2021 | 11:41 IST
Out of the 16 participants in the PLI scheme, only one-Samsung- has achieved both production and investment target for the previous financial year.
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New Delhi: The Ministry of Electronics and IT (MeitY) has opposed allowing 15 of the 16 applicants to treat year 2021-22, instead of 20-21, as the first year for production targets under the government’s production-linked incentive (PLI) scheme targeted for smartphone manufacturing companies, the
Economic Times mentioned in a report.
Out of the 16 participants in the PLI scheme, only one-Samsung- has achieved both production and investment target for the previous financial year. MeitY has cited this as the reason for its decision.