Global electronic giants seek to ramp up India play

As many as six global electronics equipment manufacturers, including Samsung Electronics and Taiwan’s Pegatron, are in final stages of discussion with the Ministry of Electronics and Information Technology (MeitY) to either set up units or expand their present ones in India under a special window that expires in three days. These companies had approached the MeitY to avail benefits under the government’s Production-Linked Incentive (PLI) scheme, notified in April, senior government officials said.

“The talks are in final stages. Most of these deals will for now be in the sub $1-billion (roughly Rs 7,500 crore) range for now. More applications could come in before July 31,” an official said.