›A 2-lakh crore scheme is propelling some factories into overdrive. A little tweak can make it go full swing
A 2-lakh crore scheme is propelling some factories into overdrive. A little tweak can make it go full swing
Synopsis
The PLI scheme incentivises companies to make in India. Manufacturers have the added benefit of tapping a vast domestic market as well as exporting. But a few changes to the policy can really help unleash animal spirits.
Amrit Manwani, CMD of electronic components’ manufacturer Sahasra Electronics, has been bullish since October, when he got the nod to receive incentives under the Production Linked Incentive (PLI) scheme.
Electronics, handset cos slash production
SECTIONS
Share
Synopsis
Some component and device makers such as TMB Battery, Khy Electronics, Salcomp, Jabil, Sunwoda Electronics, JSP electronics, Hong Guang De Technology, Rashmi Rare Earth, Sahasra Electronics and VVDN have shut factories for 7-10 days or reduced shifts to curb the virus spread, several industry executives told ET.
AFP
Videotex has prioritised the safety of its workers and cut production by over 50%, Bajaj said.
Several electronics manufacturers including Lava International, Transsion Holdings, MCM Telecom Equipment, Videotex International and Veira Electronics are cutting production by up to 50%, as the raging second Covid-19 wave hits demand and due to a shortage of components and factory workers.