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PLI Scheme Extension Provides A Breather But Electronics Supply Woes Persist
The move will help companies meet targets to avail benefits as Covid-19 caused shortage of semiconductor chips to raw materials.
07 Jul 2021, 12:53 PM IST
India’s decision to extend the production-linked incentives for electronics manufacturers by a year will help companies meet targets to avail benefits as the pandemic caused shortage of semiconductor chips to raw materials globally. Manufacturers were allowed to claim 6% incentive for incremental manufacturing in its first year—2020-21. Now they have the option to choose 2021-22 as the starting year to claim subsidy. The five-year sc...
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