Cellphone makers seeking lockdown-hit FY21 as zero year for PLI

The Indian Cellular and Electronics Association (ICEA) has written letters to the NITI Aayog, the Secretary of the Ministry of Electronics and Information Technology, as well as officials from other ministries to consider declaring 2020-21 as zero year for production-linked incentive (PLI) scheme for manufacturing of mobile phones.

Daily Current Affairs Quiz 2021

PLI schemes for all sectors that have been announced since April last year envisage incentives on achievement of a minimum threshold of cumulative incremental investment and incremental sales of manufactured goods net of taxes.

Since the government notified the PLI for mobile manufacturing on April 1 last year, FY21 was considered as the base year for the calculation of incremental investments and sales, and therefore the incentives to be given to companies.