Samsung, Foxconn, Wistron want PLI targets revised

New Delhi: HP, Dell, Foxconn, Samsung, Wistron and other electronics manufacturers have called for targets in the upcoming production-linked incentive (PLI) scheme for hardware to be revised or timelines extended.

Reaching out to the ministry of electronics and IT through seperate meetings, they said without the proposed changes, applicants may be discouraged from taking up the scheme and investing in the country. They said the changes are needed to avoid a situation mobile phone manufacturers found themselves in, with only one of 16 handset companies achieving the target for FY21 even after making timely investments.