Samsung to get Rs 600 crore under PLI scheme for smartphones: Report

Centre is likely to disburse Rs 600 crore to Samsung under the Production-linked Incentive (PLI) scheme for mobile phone manufacturing, Mint reported on Monday. This would be the largest payout ever under the scheme.

Samsung had claimed incentives of about Rs 900 crore for generating revenues of about Rs 15,000 crore from smartphone sales in 2020-21, the first year of the PLI scheme. It was the only company to meet the threshold of minimum investment of Rs 250 crore in India.

Centre had stopped the incentives for Samsung, claiming there were discrepancies in the invoicing, where phones that were priced below the threshold of Rs 15,000 were also included in the revenue on which the total incentives are calculated. However, the Mint reported on Monday cited an official as saying that the discrepancies have been sorted out.