Level playing field to be made for Samsung & Apple vendors

The government will create a level play field between smartphone manufacturers who have met their year one (FY21) sales target and the ones who have not and therefore need a one year extension to avail financial incentives under the production-linked incentive scheme. Official sources said that the base year for over which the investment and incremental sales target would be calculated would remain same for all the firms.

Since the government is considering extending the tenure of the PLI scheme to six years from the current five, both the sets of manufacturers would have the option of choosing any of the five years during the six year tenure to meet the targets and claim financial incentives.