Foxconn group firm says PLI timeline extension will help speed up business

New Delhi: Taiwanese electronics major Foxconn said the extension granted for achieving manufacturing targets under the production-linked incentive (PLI) scheme will help the company to accelerate its business and qualify for receiving incentives.

“We are delighted that the PLI scheme change in the base year has been extended by the Government of India in the light of a challenging year for all companies due to the pandemic situation. This thoughtful change will help us to accelerate our business and thereby achieve the qualifying revenue under the PLI Scheme,” said Josh Foulger, Country Head and Managing Director, Rising Stars Mobile (A Foxconn Technology Group Company).