Samsung’s wait on PLI incentives to be soon over

The discrepancies found in the Samsung invoices seem to have been resolved. After a delay of more than a year, the Centre soon plans to disburse the Samsung PLI incentives.

Samsung will receive a portion of its subsidies under the Centre’s production-linked incentive scheme for mobile phone manufacturing for FY21, before the end of FY23.

Samsung was the only firm to qualify for the PLI incentive in FY21 after the Covid-induced supply chain issues prevented other beneficiaries from qualifying. For FY21, the threshold for qualifying was incremental sales of ₹4,000 crore and a maximum of ₹15,000 crore.
Samsung had submitted that it was eligible for the maximum incentive, submitting a revenue of sales of Rs 15,000 crore. The Centre had estimated this amount to be much lower, as Samsung had included phones below the $200 threshold into the total revenue on which the subsidy is computed.

A portion of the incentive amount of ₹900 crore will be cleared for now.

CT Bureau