"Post execution of mutually acceptable agreements by the parties, the JV company will be 60 per cent owned by Rexxam & 40 per cent owned by Dixon," said a statement from Dixon Technologies.
DoT announced the PLI for local manufacture of telecom equipment and network hardware in February, with ₹12,195 crore to be disbursed over five years and incentives ranging from 4% to 6% of incremental production in a year.
PLI timeline for mobile phone manufacturing may begin in FY22
SECTIONS
Share
Synopsis
A change in the timeline will mean manufacturers need to post incremental production worth Rs 4,000 crore in this fiscal year, instead of Rs 8,000 crore in the second year. They will thus be able to avail of maximum incentives worth 6% during the year, experts said.
Agencies
The Centre is looking to make the country a global manufacturing hub with an export target for phones worth $100 billion over the next five years.
The government is considering making FY22 the first year of production instead of FY21 for the production-linked incentive (PLI) scheme for mobile phone manufacturing, senior government officials said. If approved, the move will bring relief to the likes of iPhone contract makers Foxconn and Wistron besides homegrown brands
Dickson Co. students to go virtual to prevent fuel shortage for emergency services
Ben Margot/AP
A gasoline station that ran out of gas for sale displays an out of service sign on the pump on Tuesday, May 11, 2021, in Atlanta. Gasoline futures are ticking higher following a cyberextortion attempt on the Colonial Pipeline, a vital U.S. pipeline that carries fuel from the Gulf Coast to the Northeast. (AP Photo/Ben Margot)
and last updated 2021-05-12 17:16:57-04
DICKSON, Tenn. (WTVF) â Dickson County students will be learning remotely Friday, May 14, and Monday, May 17, in an effort to prevent a fuel disruption in the county.