Centre is likely to disburse Rs 600 crore to Samsung under the Production-linked Incentive( PLI) scheme for mobile phone manufacturing, Mint reported on Monday.... It was the only company to meet the threshold of minimum investment of Rs 250 crore in India.... Centre had stopped the incentives for Samsung, claiming there were discrepancies in the invoicing, where phones that were priced below the threshold of Rs 15, 000 were also included in the revenue on which the total incentives are calcul

As the government doubles down on IT hardware manufacturing in the country, the India Cellular Electronics Association( ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware( laptop/ tablet) sector. The panel, chaired by HP India Managing Director Ketan Patel, will create a roadmap to ensure significant investments for the creation of a globally competitive IT hardware component, parts, and design ecosystem in India by 2026. According to Patel,

Finance minister Nirmala Sitharaman on Monday announced a year’s extension to the production linked incentive( PLI) scheme for the electronics manufacturing sector.... Apart from lockdowns, restrictions on movement of goods and personnel and supply chain bottlenecks delayed their production plans.“ Companies have been unable to meet incremental production conditions.... As per agreement, foreign players need to invest at least Rs 250 crore and grow production value by Rs 4, 000 over the base y