SAMSUNG INDIA WILL soon receive around ₹500 crore as incentive for FY21-stuck for over a year under the smartphone production-linked incentive (PLI) scheme, official sources said.
Sources said that though the electronics major had claimed incentive of around ₹900 crore, after reconciling invoices, it has been found that the company is entitled for payment of around ₹500 crore.
"The matter has now been settled. The company will be getting around ₹500 crore," an official requesting anonymity said.
When contacted, a Samsung India spokesperson said, "We are currently in advanced stage of discussions with government of India on the incentive payout. Samsung is a committed partner of India for over 26 years. As the leading smartphone player, we have been working closely with various stakeholders to make the PLI scheme a success".
Denne historien er fra September 21, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra September 21, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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