Only 2 of 14 companies meet FY22 target under the scheme: IT PLI back on drawing board

With just two of fourteen companies having met the first-year (FY22) incremental sales target under the IT hardware production-linked incentive (PLI) scheme, the government has initiated talks with industry players for a total revamp.

Sources said the scheme has failed to yield desired results and the selected firms have expressed unhappiness over the present structure of incentives.