Chinese companies can now apply for PLI under Electronic Component Manufacturing Scheme: Report

The Indian government is going to allow Chinese companies to receive linked incentives (PLI) for the manufacturing of electronics under the Electronics Component Manufacturing Scheme. CNBC -TV18 reported that Chinese companies would be eligible for PLI only when they formed a joint venture with an Indian company.

This comes 2 days after the Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, launched the portal and guidelines for the component manufacturing scheme. The scheme with a budget of Rs 22,919 crore was launched on April 8.