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政府将手机PLI计划延长一年;对工业的巨大缓解

印度财政部长Nirmala Sitharaman在宣布财政刺激计划时表示，从2020-21年到2025-26年，手机制造商现在可以申请任何五年期的激励措施。

政府将手机PLI计划延长一年;对工业的巨大缓解
新德里:政府允许移动电话的延伸PLI方案到2025-26年，这将大大减轻手机制造商的负担，包括iPhone制造商富士康而且纬创资通除了本土品牌Dixon，熔岩而且Micromax．自2020年因新冠肺炎疫情停产以来，该行业一直要求延长一年。

财政部部长周一宣布，手机制造商现在可以将22财年作为手机制造生产挂钩激励(PLI)计划的生产元年，而不是21财年吧Sitharaman他在宣布财政刺激计划时说。

ET曾在5月27日版中报道，政府正在考虑业界的要求，允许延期。

“公司已经无法满足增量生产条件，因为;由于大流行相关的封锁、人员流动限制、工厂和机器安装延迟以及零部件供应链中断，生产活动中断，”西塔拉曼在解释延长一年的原因时说。

时间表的改变意味着制造商需要在本财年增加400亿卢比的产量，而不是在第二年增加800亿卢比。专家说，因此，他们将能够利用全年最高6%的激励措施。

这项雄心勃勃的4100亿卢比PLI计划旨在使印度成为更具吸引力的制造业目的地，并让企业远离中国和越南等基地。该计划包括基于投资和有针对性的产量增量的现金奖励。该中心希望将印度打造成全球制造业中心，未来五年的手机出口目标为1000亿美元。

据ET报道，三星是16家公司中唯一一家实现21财年智能手机销售目标的公司。业内高管说，与其他公司不同的是，该公司不需要将任何工厂和机器运往印度，只需要提高现有工厂的产量。

但是，政府允许从6年中任意选择5年，因此可以申请2020-21年的奖励。政府发布的一份声明称，这意味着在202-21年进行的投资将继续被视为合格投资。

该行业的最后一次努力是在5月19日的一封信中，信中指出，第二波疫情和无法为工人接种疫苗是工厂未能最佳运行的关键原因。印度手机和电子协会(ICEA)在一封信中向负责在不可抗力情况下根据PLI指南第8.9条提出延期呼吁的小组提出了上诉。

读也

行业机构呼吁推迟智能手机制造商实施PLI计划的时间表

三星、富士康、纬创希望修改PLI目标

手机制造PLI时间表可能从22财年开始

手机制造商可能连续第二年无法达到PLI的目标

“卡纳塔克邦、泰米尔纳德邦、安得拉邦和泰伦加纳邦已经被封锁，北方邦也有严格的限制，”该游说组织表示，并强调了PLI部门所在的五个邦的限制。“在这种情况下，即使有乐观的估计，2021-22财年只有不到8个月的时间，甚至可能会减少，以实现PLI第二年的目标。”

根据手机PLI计划，外国公司需要每家投资25亿卢比，并在第一年产生400亿卢比的增量产出，才能获得6%的直接激励作为现金返还。

为了获得同样的激励，印度手机制造商必须每家投资5亿卢比，以获得50亿卢比的增量产出。在第二、第三、第4和第5年，制造商将不得不在基准年的产值上生产价值800亿卢比、150亿卢比、200亿卢比和250亿卢比的手机，这将显著提高手机的年出口额，目前的出口额为30亿美元。

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\"Govt<\/figure>NEW DELHI: The Government has allowed an extension of the mobile phone PLI scheme<\/a> by one year to 2025-26, giving a major relief to mobile phone makers including iPhone<\/a> maker Foxconn<\/a> and Wistron<\/a> besides homegrown brands Dixon, Lava<\/a> and Micromax<\/a>. The industry had been asking for a year's extension since the production came to a grinding halt in 2020 because of the pandemic.

With this announcement on Monday, mobile phone makers will now be able to treat FY22 as the first year of production instead of FY21 for the production-linked incentive (PLI) scheme for mobile phone manufacturing, finance minister Nirmala Sitharaman<\/a> said, while announcing the fiscal stimulus package.

ET had reported in its May 27 edition that the government was considering the industry\u2019s request to allow an extension.

<\/div><\/div>\u201cCompanies have been unable to meet incremental production conditions due to; disruption in production activities due to pandemic related lockdown, restriction on movement of personnel, delay in installation of plant and machinery and disruption in supply chain of components,\u201d Sitharaman said, explaining the one-year extension.

A change in the timeline means manufacturers need to post incremental production worth Rs 4,000 crore in this fiscal year, instead of Rs 8,000 crore in the second year. They will thus be able to avail of maximum incentives worth 6% during the year, experts said.

The ambitious Rs41,000 crore PLI scheme\u2013which entails incentives in the form of cash payouts based on investment and targeted increments in production--is aimed at making India a more attractive manufacturing destination and weaning companies away from bases such as China and Vietnam. The Centre is looking to make the country a global manufacturing hub with an export target for phones worth $100 billion over the next five years.

As reported by ET, Samsung<\/a> is the only one of 16 companies to have met its FY21 target for smartphones. Unlike others, it didn\u2019t have to ship any plant and machinery to India and simply needed to ramp up production at its existing facilities, industry executives said.

<\/div><\/div>The Korean major however, will be able to claim the incentives for 2020-21 as the government has allowed flexibility in choosing any five years out of the six years. This means, that the investments made in 202-21 will continue to be counted as eligible investments, a statement issued by the government said.

The industry\u2019s last push was made in a May 19 letter, which cited the second wave and the inability to vaccinate workers as key reasons why factories haven\u2019t been running optimally. The India Cellular & Electronics Association (ICEA) made its appeal in a letter to the panel responsible for taking the call on the deferment under clause 8.9 of the PLI guidelines in case of force majeure.

Read also<\/h3>
<\/a><\/div>

Industry bodies call for deferring PLI scheme timelines for smartphone makers<\/h4><\/a><\/div>
<\/a><\/div>

Samsung, Foxconn, Wistron want PLI targets revised<\/h4><\/a><\/div>
<\/a><\/div>

PLI timeline for mobile phone manufacturing may begin in FY22<\/h4><\/a><\/div>
<\/a><\/div>

Handset makers may miss PLI targets for second year in a row<\/h4><\/a><\/div><\/div>
\u201cKarnataka, Tamil Nadu, Andhra Pradesh and Telangana are already under lockdown, and Uttar Pradesh also has severe restrictions,\u201d the lobby group had said, highlighting curbs in the five states where most PLI units are located. \u201cUnder the circumstances, even with optimistic estimates, no more than eight months will be available in FY 2021-22, and even that could reduce, for meeting the PLI targets of year two.\u201d

Under the handset PLI scheme, foreign companies needed to invest Rs 250 crore each and produce incremental output of Rs 4,000 crore in the first year to get a 6% direct incentive as cashback.

To get the same incentive, Indian handset makers had to invest Rs 50 crore each for Rs 500 crore of incremental output. In the second, third, fourth and fifth years, manufacturers will have to produce phones worth Rs 8,000 crore, Rs 15,000 crore, Rs 20,000 crore and Rs 25,000 crore over the base year production value, which would significantly enhance annual exports of phone handsets from the existing $3 billion.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"20.0","minfoseo":"20-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1624877953321","minfoseo":"1624877953321"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"52064080","minfoseo":"52064080"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"3847.0","minfoseo":"3847-0"},"NumberOfWords":{"minfo":"625.0","minfoseo":"625-0"},"key":{"0":{"keyid":"8941225","value":"PLI scheme","smid":"0","keynameseo":"PLI-scheme","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"1930805","value":"Wistron","smid":"0","keynameseo":"Wistron","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"10591","value":"Samsung","smid":"0","keynameseo":"Samsung","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"129243","value":"Nirmala Sitharaman","smid":"0","keynameseo":"Nirmala-Sitharaman","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"71696","value":"Micromax","smid":"0","keynameseo":"Micromax","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6355189","value":"Lava","smid":"0","keynameseo":"Lava","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6354606","value":"iPhone","smid":"0","keynameseo":"iPhone","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"7448584","value":"India Cellular & Electronics Association","smid":"0","keynameseo":"India-Cellular-Electronics-Association","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"6354671","value":"Foxconn","smid":"0","keynameseo":"Foxconn","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":[],"similarlytagged":[{"msid":"96123587","stname":"Second tranche of mobile PLI sops cleared","artsyn":"\"We have already received the first chunk of payments, and the second, we believe, is on its way. We have already invested in four other PLI schemes and we are also aiming to qualify for the PLI for IT hardware,\" said Sunil Vachani, chairman, Dixon Technologies.","seolocation":"telecomnews\/second-tranche-of-mobile-pli-sops-cleared","seolocationalt":"Second tranche of mobile PLI sops cleared","url_seo":"second-tranche-of-mobile-pli-sops-cleared"},{"msid":"95752614","stname":"PLI capex to cross Rs 1 trn from FY24: ICRA","artsyn":"Bulk of the CAPEX that companies have to put will be concentrated between FY24 to FY26 as most of the major sectors start manufacturing activities from FY24 onwards.","seolocation":"telecomnews\/pli-capex-to-cross-rs-1-trn-from-fy24-icra","seolocationalt":"PLI capex to cross Rs 1 trn from FY24: ICRA","url_seo":"pli-capex-to-cross-rs-1-trn-from-fy24-icra"},{"msid":"95727075","stname":"PLI for Telecom gear: Government to help out selected firms","artsyn":"Telecom minister Ashwini Vaishnaw will be meeting the India CEOs of all these firms including Nokia, Samsung, Jabil (Ericsson) and Tejas in the first week of December, in order to understand how the government could further support them.","seolocation":"telecomnews\/pli-for-telecom-gear-government-to-help-out-selected-firms","seolocationalt":"PLI for Telecom gear: Government to help out selected firms","url_seo":"pli-for-telecom-gear-government-to-help-out-selected-firms"},{"msid":"95672394","stname":"Global telecom gear makers scale up investment under government's incentive plan","artsyn":"As per telecom department officials aware of the details, these companies have also chosen to shift the year of their scheme to start from FY22-23, instead of FY21-22, thus forgoing their incentives for the year ended March as it was a precondition to shift timelines. 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The premium for Indian stocks over emerging-market shares is currently three standard deviations higher than the 10-year average.","seolocation":"telecomnews\/china-west-tensions-boost-indias-manufacturing-goals","seolocationalt":"China-West tensions boost India's manufacturing goals","url_seo":"china-west-tensions-boost-indias-manufacturing-goals"},{"msid":"94999433","stname":"Homegrown handset maker Lava in advanced talks with Chinese ODM Huaqin to form JV","artsyn":"If the Lava-Huaqin joint venture becomes a reality, it will be a boost for the electronics industry in the country.","seolocation":"telecomnews\/homegrown-handset-maker-lava-in-advanced-talks-with-chinese-odm-huaqin-to-form-jv","seolocationalt":"Homegrown handset maker Lava in advanced talks with Chinese ODM Huaqin to form JV","url_seo":"homegrown-handset-maker-lava-in-advanced-talks-with-chinese-odm-huaqin-to-form-jv"},{"msid":"94904423","stname":"View: Exports need a hand from handsets PLI","artsyn":"Samsung and contract manufacturers for Apple are pushing the surge in exports, having committed to steep increases in production and outbound shipments in the next financial year over this one.","seolocation":"telecomnews\/view-exports-need-a-hand-from-handsets-pli","seolocationalt":"View: Exports need a hand from handsets PLI","url_seo":"view-exports-need-a-hand-from-handsets-pli"},{"msid":"94895222","stname":"Govt considering proposals for extending Rs 35,000 cr PLI scheme to more sectors","artsyn":"\"The proposals are at discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments,\" the official said.","seolocation":"telecomnews\/govt-considering-proposals-for-extending-rs-35000-cr-pli-scheme-to-more-sectors","seolocationalt":"Govt considering proposals for extending Rs 35,000 cr PLI scheme to more sectors","url_seo":"govt-considering-proposals-for-extending-rs-35000-cr-pli-scheme-to-more-sectors"},{"msid":"94847980","stname":"Monthly mobile phone exports hit record $1 billion in September","artsyn":"According to data available exclusively with ET, mobile phone exports for April-September more than doubled to $4.2 billion, from $1.7 billion in the corresponding period of 2021. Previously, the highest monthly export of cellphones was in December 2021, when devices worth $770 million were shipped. 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Only a production-linked incentive (PLI) scheme won\u2019t work as it is meant only for a product,\" AK Bhatt, director general, ISpA told ETSatcom.","seolocation":"telecomnews\/ispa-seeks-space-park-creation","seolocationalt":"ISpA seeks Space Park creation","url_seo":"ispa-seeks-space-park-creation"},{"msid":"94756963","stname":"ISpA says India\u2019s space economy to reach $13 billion by 2025, seeks PLI scheme","artsyn":"The satellite application and services are expected to contribute $4.6 billion, followed by ground segment ($4 billion), satellite equipment manufacturing ($3.2 billion), and satellite launch-related services ($1 billion), according to the report.","seolocation":"telecomnews\/ispa-says-indias-space-economy-to-reach-13-billion-by-2025-seeks-pli-scheme","seolocationalt":"ISpA says India\u2019s space economy to reach $13 billion by 2025, seeks PLI scheme","url_seo":"ispa-says-indias-space-economy-to-reach-13-billion-by-2025-seeks-pli-scheme"},{"msid":"94521395","stname":"IT hardware PLI purse may zoom 2.5x to Rs 19,000 crore","artsyn":"According to a draft of the revised scheme \u2014 PLI for IT Hardware 2.0 \u2014 which is set to be circulated to major stakeholders for feedback, the restructured scheme will now offer incentives of 4-5.75% over five years, against 1-4% over a tenure of four years at present, officials aware of the matter told ET. Its financial outlay will touch about Rs 19,000 crore from Rs 7,350 crore, they said.","seolocation":"telecomnews\/it-hardware-pli-purse-may-zoom-2-5x-to-rs-19000-crore","seolocationalt":"IT hardware PLI purse may zoom 2.5x to Rs 19,000 crore","url_seo":"it-hardware-pli-purse-may-zoom-2-5x-to-rs-19000-crore"},{"msid":"94408372","stname":"Futile for IT firms to prevent moonlighting: Rajeev Chandrasekhar","artsyn":"ET had on Wednesday reported that Wipro had fired 300 employees it had found were moonlighting for its direct competitors.","seolocation":"telecomnews\/futile-for-it-firms-to-prevent-moonlighting-rajeev-chandrasekhar","seolocationalt":"Futile for IT firms to prevent moonlighting: Rajeev Chandrasekhar","url_seo":"futile-for-it-firms-to-prevent-moonlighting-rajeev-chandrasekhar"},{"msid":"94278032","stname":"China's chip output shrinks as India, US ramp up local manufacturing","artsyn":"According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997.","seolocation":"telecomnews\/chinas-chip-output-shrinks-as-india-us-ramp-up-local-manufacturing","seolocationalt":"China's chip output shrinks as India, US ramp up local manufacturing","url_seo":"chinas-chip-output-shrinks-as-india-us-ramp-up-local-manufacturing"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"8941225","value":"PLI scheme","smid":"0","keynameseo":"PLI-scheme","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"1930805","value":"Wistron","smid":"0","keynameseo":"Wistron","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"10591","value":"Samsung","smid":"0","keynameseo":"Samsung","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"28351","value":"policy","smid":"0","keynameseo":"policy","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"129243","value":"Nirmala Sitharaman","smid":"0","keynameseo":"Nirmala-Sitharaman","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"71696","value":"Micromax","smid":"0","keynameseo":"Micromax","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355189","value":"Lava","smid":"0","keynameseo":"Lava","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354606","value":"iPhone","smid":"0","keynameseo":"iPhone","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"7448584","value":"India Cellular & Electronics Association","smid":"0","keynameseo":"India-Cellular-Electronics-Association","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354671","value":"Foxconn","smid":"0","keynameseo":"Foxconn","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"India Cellular & Electronics Association"},{"name":"Nirmala Sitharaman"},{"name":"PLI scheme"},{"name":"Micromax"},{"name":"Wistron"},{"name":"Samsung"},{"name":"Foxconn"},{"name":"policy"},{"name":"iPhone"},{"name":"Lava"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["PLI scheme","Wistron","Samsung","policy","Nirmala Sitharaman","Micromax","Lava","iPhone","India Cellular & Electronics Association","Foxconn"],"filterTags":[]},"breadcrumbTags":["PLI scheme","Wistron","Samsung","policy","Nirmala Sitharaman","Micromax","Lava","iPhone","India Cellular & Electronics Association","Foxconn"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/govt-extends-pli-scheme-for-handsets-by-a-year-huge-relief-for-industry\/83919151","associated":{"articles":{"96123587":{"msid":"96123587","stname":"Second tranche of mobile PLI sops cleared","artsyn":"\"We have already received the first chunk of payments, and the second, we believe, is on its way. We have already invested in four other PLI schemes and we are also aiming to qualify for the PLI for IT hardware,\" said Sunil Vachani, chairman, Dixon Technologies.","seolocation":"telecomnews\/second-tranche-of-mobile-pli-sops-cleared","seolocationalt":"Second tranche of mobile PLI sops cleared","url_seo":"second-tranche-of-mobile-pli-sops-cleared"},"95752614":{"msid":"95752614","stname":"PLI capex to cross Rs 1 trn from FY24: ICRA","artsyn":"Bulk of the CAPEX that companies have to put will be concentrated between FY24 to FY26 as most of the major sectors start manufacturing activities from FY24 onwards.","seolocation":"telecomnews\/pli-capex-to-cross-rs-1-trn-from-fy24-icra","seolocationalt":"PLI capex to cross Rs 1 trn from FY24: ICRA","url_seo":"pli-capex-to-cross-rs-1-trn-from-fy24-icra"},"95727075":{"msid":"95727075","stname":"PLI for Telecom gear: Government to help out selected firms","artsyn":"Telecom minister Ashwini Vaishnaw will be meeting the India CEOs of all these firms including Nokia, Samsung, Jabil (Ericsson) and Tejas in the first week of December, in order to understand how the government could further support them.","seolocation":"telecomnews\/pli-for-telecom-gear-government-to-help-out-selected-firms","seolocationalt":"PLI for Telecom gear: Government to help out selected firms","url_seo":"pli-for-telecom-gear-government-to-help-out-selected-firms"},"95672394":{"msid":"95672394","stname":"Global telecom gear makers scale up investment under government's incentive plan","artsyn":"As per telecom department officials aware of the details, these companies have also chosen to shift the year of their scheme to start from FY22-23, instead of FY21-22, thus forgoing their incentives for the year ended March as it was a precondition to shift timelines. They, however, will be availing much more benefits in the new five-year tenure of the scheme due to increased production, the officials said.","seolocation":"telecomnews\/global-telecom-gear-makers-scale-up-investment-under-governments-incentive-plan","seolocationalt":"Global telecom gear makers scale up investment under government's incentive plan","url_seo":"global-telecom-gear-makers-scale-up-investment-under-governments-incentive-plan"},"95568339":{"msid":"95568339","stname":"India puts its plan to snatch factories from China on fast-track","artsyn":"Investors committed Rs 2.34 lakh crore PLI investments as of March 2022 with automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels generating greater interest.","seolocation":"telecomnews\/india-puts-its-plan-to-snatch-factories-from-china-on-fast-track","seolocationalt":"India puts its plan to snatch factories from China on fast-track","url_seo":"india-puts-its-plan-to-snatch-factories-from-china-on-fast-track"},"95311448":{"msid":"95311448","stname":"Pegatron follows Foxconn to make iPhone 14 in India","artsyn":"Another Apple supplier, Foxconn, had started making iPhone 14 in India in September within 10 days of its global launch, underlining the US smartphone major\u2019s bid to expand manufacturing of its latest devices in what is emerging as a key production base.","seolocation":"telecomnews\/pegatron-follows-foxconn-to-make-iphone-14-in-india","seolocationalt":"Pegatron follows Foxconn to make iPhone 14 in India","url_seo":"pegatron-follows-foxconn-to-make-iphone-14-in-india"},"95288466":{"msid":"95288466","stname":"Apple India vendors expanding capacity","artsyn":"Market experts also expect limited impact on India shipments from the temporary cutdown in iPhone output in China, given that the peak festive season is over and October-December is traditionally a slow quarter.","seolocation":"telecomnews\/apple-india-vendors-expanding-capacity","seolocationalt":"Apple India vendors expanding capacity","url_seo":"apple-india-vendors-expanding-capacity"},"95242491":{"msid":"95242491","stname":"Tejas Networks to invest Rs 750 crore under design-led PLI scheme","artsyn":"\u201cThis is an excellent policy of Government of India to promote Indian R&D and IPR for the creation of world-class telecom products with high domestic value addition, where they give additional incentive for Indian designed and manufactured products,\u201d said Sanjay Nayak, CEO & Managing Director of Tejas Networks.","seolocation":"telecomnews\/tejas-networks-to-invest-rs-750-crore-under-design-led-pli-scheme","seolocationalt":"Tejas Networks to invest Rs 750 crore under design-led PLI scheme","url_seo":"tejas-networks-to-invest-rs-750-crore-under-design-led-pli-scheme"},"95228019":{"msid":"95228019","stname":"HFCL to invest Rs 425 crore under telecom PLI scheme","artsyn":"HFCL has been approved to receive an incentive of up to Rs 652.79 crore from the Small Industries Development Bank of India (SIDBI), the Project Management Agency (PMA) and Competent Authority designated by the Centre, on the company\u2019s application for participation in the PLI scheme, it said in a regulatory filing on Tuesday.","seolocation":"telecomnews\/hfcl-to-invest-rs-425-crore-under-telecom-pli-scheme","seolocationalt":"HFCL to invest Rs 425 crore under telecom PLI scheme","url_seo":"hfcl-to-invest-rs-425-crore-under-telecom-pli-scheme"},"95203814":{"msid":"95203814","stname":"DoT OKs 42 firms for telecom products PLI, including 17 for design PLI","artsyn":"Of the selected firms, 17 companies have applied for an additional incentive of 1% under design-led manufacturing criteria, the government said in a statement Monday. The selected companies under the scheme include global majors like Samsung, Nokia, Jabil, Rising Star (Foxconn) and Flextronics as well as local players like HFCL, ITI, VVDN and Tejas Networks etc.","seolocation":"telecomnews\/dot-oks-42-firms-for-telecom-products-pli-including-17-for-design-pli","seolocationalt":"DoT OKs 42 firms for telecom products PLI, including 17 for design PLI","url_seo":"dot-oks-42-firms-for-telecom-products-pli-including-17-for-design-pli"},"95132922":{"msid":"95132922","stname":"China-West tensions boost India's manufacturing goals","artsyn":"India as a risk-mitigation tactic \u2014 a hedge against manufacturing all widgets in China \u2014 is a story that\u2019s gathering investor interest and helping to justify lofty valuations. The premium for Indian stocks over emerging-market shares is currently three standard deviations higher than the 10-year average.","seolocation":"telecomnews\/china-west-tensions-boost-indias-manufacturing-goals","seolocationalt":"China-West tensions boost India's manufacturing goals","url_seo":"china-west-tensions-boost-indias-manufacturing-goals"},"94999433":{"msid":"94999433","stname":"Homegrown handset maker Lava in advanced talks with Chinese ODM Huaqin to form JV","artsyn":"If the Lava-Huaqin joint venture becomes a reality, it will be a boost for the electronics industry in the country.","seolocation":"telecomnews\/homegrown-handset-maker-lava-in-advanced-talks-with-chinese-odm-huaqin-to-form-jv","seolocationalt":"Homegrown handset maker Lava in advanced talks with Chinese ODM Huaqin to form JV","url_seo":"homegrown-handset-maker-lava-in-advanced-talks-with-chinese-odm-huaqin-to-form-jv"},"94904423":{"msid":"94904423","stname":"View: Exports need a hand from handsets PLI","artsyn":"Samsung and contract manufacturers for Apple are pushing the surge in exports, having committed to steep increases in production and outbound shipments in the next financial year over this one.","seolocation":"telecomnews\/view-exports-need-a-hand-from-handsets-pli","seolocationalt":"View: Exports need a hand from handsets PLI","url_seo":"view-exports-need-a-hand-from-handsets-pli"},"94895222":{"msid":"94895222","stname":"Govt considering proposals for extending Rs 35,000 cr PLI scheme to more sectors","artsyn":"\"The proposals are at discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments,\" the official said.","seolocation":"telecomnews\/govt-considering-proposals-for-extending-rs-35000-cr-pli-scheme-to-more-sectors","seolocationalt":"Govt considering proposals for extending Rs 35,000 cr PLI scheme to more sectors","url_seo":"govt-considering-proposals-for-extending-rs-35000-cr-pli-scheme-to-more-sectors"},"94847980":{"msid":"94847980","stname":"Monthly mobile phone exports hit record $1 billion in September","artsyn":"According to data available exclusively with ET, mobile phone exports for April-September more than doubled to $4.2 billion, from $1.7 billion in the corresponding period of 2021. Previously, the highest monthly export of cellphones was in December 2021, when devices worth $770 million were shipped. Exports hovered around $700 million each month during June-August this year.","seolocation":"telecomnews\/monthly-mobile-phone-exports-hit-record-1-billion-in-september","seolocationalt":"Monthly mobile phone exports hit record $1 billion in September","url_seo":"monthly-mobile-phone-exports-hit-record-1-billion-in-september"},"94827987":{"msid":"94827987","stname":"ISpA seeks Space Park creation","artsyn":"\"There has to be a Space Park, where incentives in manufacturing will be given. Only a production-linked incentive (PLI) scheme won\u2019t work as it is meant only for a product,\" AK Bhatt, director general, ISpA told ETSatcom.","seolocation":"telecomnews\/ispa-seeks-space-park-creation","seolocationalt":"ISpA seeks Space Park creation","url_seo":"ispa-seeks-space-park-creation"},"94756963":{"msid":"94756963","stname":"ISpA says India\u2019s space economy to reach $13 billion by 2025, seeks PLI scheme","artsyn":"The satellite application and services are expected to contribute $4.6 billion, followed by ground segment ($4 billion), satellite equipment manufacturing ($3.2 billion), and satellite launch-related services ($1 billion), according to the report.","seolocation":"telecomnews\/ispa-says-indias-space-economy-to-reach-13-billion-by-2025-seeks-pli-scheme","seolocationalt":"ISpA says India\u2019s space economy to reach $13 billion by 2025, seeks PLI scheme","url_seo":"ispa-says-indias-space-economy-to-reach-13-billion-by-2025-seeks-pli-scheme"},"94521395":{"msid":"94521395","stname":"IT hardware PLI purse may zoom 2.5x to Rs 19,000 crore","artsyn":"According to a draft of the revised scheme \u2014 PLI for IT Hardware 2.0 \u2014 which is set to be circulated to major stakeholders for feedback, the restructured scheme will now offer incentives of 4-5.75% over five years, against 1-4% over a tenure of four years at present, officials aware of the matter told ET. Its financial outlay will touch about Rs 19,000 crore from Rs 7,350 crore, they said.","seolocation":"telecomnews\/it-hardware-pli-purse-may-zoom-2-5x-to-rs-19000-crore","seolocationalt":"IT hardware PLI purse may zoom 2.5x to Rs 19,000 crore","url_seo":"it-hardware-pli-purse-may-zoom-2-5x-to-rs-19000-crore"},"94408372":{"msid":"94408372","stname":"Futile for IT firms to prevent moonlighting: Rajeev Chandrasekhar","artsyn":"ET had on Wednesday reported that Wipro had fired 300 employees it had found were moonlighting for its direct competitors.","seolocation":"telecomnews\/futile-for-it-firms-to-prevent-moonlighting-rajeev-chandrasekhar","seolocationalt":"Futile for IT firms to prevent moonlighting: Rajeev Chandrasekhar","url_seo":"futile-for-it-firms-to-prevent-moonlighting-rajeev-chandrasekhar"},"94278032":{"msid":"94278032","stname":"China's chip output shrinks as India, US ramp up local manufacturing","artsyn":"According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997.","seolocation":"telecomnews\/chinas-chip-output-shrinks-as-india-us-ramp-up-local-manufacturing","seolocationalt":"China's chip output shrinks as India, US ramp up local manufacturing","url_seo":"chinas-chip-output-shrinks-as-india-us-ramp-up-local-manufacturing"}}}}" data-news-images="[{"msid":"83919139","msname":"Smartphone","msnameseo":"smartphone","mediatype":"1","artdate":"2021-06-26 10:05:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
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