Government extends tenure of PLI scheme for handset manufacturers by a year until 2025-26

The government has announced a one-year extension of the tenure of the production-linked incentive scheme for large-scale electronics manufacturing with a focus on mobile phones, until 2025-26. With this announcement, while the base year of the scheme (2019-20) remains the same, companies will have the option to start their five-year period either from the base year or the year 2020-21 for the calculation of incentives under the scheme.