Handset PLI timeline extension will boost investor confidence: Industry

New Delhi: The government’s decision to extend the timeline for the production-linked incentive (PLI) scheme shows its commitment to establish India as a manufacturing hub by supporting manufacturers during the pandemic, a move which will boost the confidence of global investors, the mobile phone industry said.

“This extension would not only support the Government’s efforts to establish India as an integral part of the Global Value Chain (GVC) in the electronics sector, it will also support developing Indian Champion companies to tap the Global as well as Indian markets through the PLI,” Pankaj Mohindroo Chairman, India Cellular and Electronics Association (ICEA) said.