Question
NITI Aayog, has approved a production-linked incentive (PL
- I scheme of over Rs ___ crore for Foxconn India and Padget Electronics for mobile phone manufacturing.
Solution
An empowered committee headed by Param Iyer, chief executive officer (CEO), NITI Aayog, has approved a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing. iPhone maker Foxconn India is owned by Hon Hai Foxconn Technology Group. It would receive an incentive of Rs 357.17 crore for the period between August 1, 2021, and March 31, 2022.
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