Last year, the government introduced Production-Linked Incentive (PLI) Schemes for Mobile Manufacturing and Large Scale Electronics Manufacturing that provides incentive of 6% to 4% on incremental sales of goods under target segments that are manufactured in India, for a period of five years. Yesterday, Union Finance & Corporate Affairs Minister Nirmala Sitharaman announced that this scheme for a period of 2020-21 till 2024-25 has been extended by one year i.e. till 2025-26. Continue reading “PLI scheme for mobile phone manufacturing extended until 2025-26”