Handset makers want a 2-3 month extension on PLI targets amid supply crunch, pandemic

NEW DELHI: The handset makers, reeling from an acute component shortage of chipsets and pandemic-related delays in capacity expansion, want a 2-3 month extension to meet the investment and the production targets for the first year under the government’s ambitious scheme to push local manufacturing and exports.

“The industry is suffering right now as there is a shortage of semiconductor chips and raw materials and it is already impacting the targets,” Pankaj Mohindroo, chairman India Cellular and Electronics Association (ICEA), told ET.