INSUBCONTINENT EXCLUSIVE:
Dixon Technologies shares rose nearly 4 per cent after its arm, Padget Electronics, was approved as a mobile manufacturing partner under the
government's Production Linked Incentive (PLI) scheme for Large Scale Electronics Manufacturing
Under the scheme, the company will get an incentive of 4 per cent to 6 per cent on incremental sales (over base year) of goods manufactured
Companies) Segment, Indian companies including Lava, Bhagwati (Micromax), Padget Electronics, UTL Neolyncs and Optiemus Electronics are
These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in
mobile phone production," the Ministry of Electronics and IT said in a press release."PLI scheme has been huge success in terms of the
applications received from Global as well as Domestic Mobile Phone manufacturing companies and electronic components manufacturers,"
under the PLI scheme are expected to lead to total production of more than Rs 10.5 lakh crore
Out of the total production, the approved companies under the mobile phone segment have proposed a production of over Rs 9 lakh crore.The
approved companies have proposed a production of about Rs 1.25 lakh crore and those under the specified electronic components segment have
proposed a production of over Rs 15,000 crore, the ministry said.At 11:22 am, Dixon Technologies shares traded 0.7 per cent higher at Rs
8,795 on the bourse, outperforming the benchmark S-P BSE Sensex index, which was up 0.4 per cent.
