Phone manufacturers face delay in approval letters under PLI scheme

Cisco, Ciena, Samsung, Foxconn, Flex, Nokia and Ericsson, which want to finalise their local manufacturing plans under the telecom equipment production-linked incentive (PLI) scheme, fear they will lose out on four months while waiting for approvals and the detailed guidelines.

The scheme became effective on April 1 but the companies don’t expect the approval letters to come in before July, with the entire process of selection and disbursement of final clearances likely to take time, executives at three of the companies said. VNExplorer