Searched Tag: indian electronic sector
June 24, 2024, 08:34 AM - 2 min read
Industry leaders warn that these measures, intended as safeguards, are now impeding the growth of India's electronics sector. They assert that the Production Linked Incentive (PLI) scheme, introduced in 2020 to encourage large-scale manufacturing by offsetting cost disadvantages, may no longer suffice due to the "tariff-induced cost" affecting competitiveness against countries like China and Vietnam.
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