PLI Scheme Extension Provides A Breather But Electronics Supply Woes Persist

India’s decision to extend the production-linked incentives for electronics manufacturers by a year will help companies meet targets to avail benefits as the pandemic caused shortage of semiconductor chips to raw materials globally. Manufacturers were allowed to claim 6% incentive for incremental manufacturing in its first year—2020-21. Now they have the option to choose 2021-22 as the starting year to claim subsidy. The five-year sc...