PLI schemes: IT Min plans meet to push deadline by a year as most cos say will miss target

The Ministry of Electronics and Information Technology (MeitY) plans to start consultative meetings with members of the empowered finance committee (EFC) to consider the option of pushing the deadline for production-linked incentive (PLI) schemes for mobile handset and certain other specified electronic component manufacturing by a year, sources in know of the development told The Indian Express.

The EFC, headed by Chief Executive Officer (CEO) of Niti Aayog Amitabh Kant, also has the secretaries of the Departments of Economic Affairs, Expenditure, Revenue, Department for Promotion of Industry and Internal Trade, MeitY as well as the Directorate General of Foreign Trade on the panel. The committee is likely to start meeting in January on the issue and send its recommendations to the Finance Ministry, the IT Ministry as well as other relevant departments, the sources said.