PLI Scheme: Samsung and Foxconn among firms to receive over Rs 4,400 crore
Renowned contract manufacturers in India -- Foxconn (Hon Hai), Wistron (Tata group owned), and Pegatron - along with South Korea’s Samsung and India's own Dixon Technologies are set to get more than Rs 4,400 crore in incentives for meeting targets in FY23 under the Indian government’s production-linked incentive (PLI) scheme for smartphones.
Rising Star (Bharat FIH), Lava, and Optiemus Electronics are among the companies that have not met the PLI targets and are unlikely to receive incentives.
Also Read: Empowered Committee Of PLI Scheme Approves Rs 1,000 Crore For Electronics Sector