Samsung to finally get its FY21 incentives under PLI scheme

The Indian government has cleared over ₹500 crore claims for South Korean smartphone manufacturer Samsung for the first year of the smartphone production-linked incentive (PLI) scheme, which was granted after over two years of revisions due to discrepancies in the original paperwork. Samsung had initially filed for ₹900 crore, claiming to have achieved a target of ₹15,000 crore worth of incremental sales for FY21.

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