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Covid-19: Phone makers may miss production target under PLI scheme, seek adjustment of incentives

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New Delhi: Mobile phone manufacturers, including Samsung and Apple's vendors, are likely to miss the production target of the current financial year under the production linked incentive (PLI) scheme and have approached the government to roll over timelines of the scheme.The government in October had cleared 16 proposals from domestic and international companies entailing investment of ₹11,000 crore under the PLI scheme to manufacture mobile phones worth ₹10.5 lakh crore over the next five years.The companies include iPhone maker Apple's contract manufacturers Foxconn Hon Hai, Wistron and Pegatron, apart from Samsung and Rising Star.Mobile devices industry body ICEA, whose members include Apple, Foxconn, Wistron, Lava etc, wrote to.

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