IT hardware cos struggle to meet FY25 PLI target on lack of orders
In the first year of the scheme, only a handful of companies — VVDN Technologies, Flextronics and Bhagwati (Micromax) – are on track to meet targets for the first year. Dixon, which met the target under the previous PLI scheme, is set to open a large facility in Chennai in December and will be missing the targets in its second year. For the majority, FY2026 is expected to be the first year of production, industry executives said.
In the first year of the scheme, only a handful of companies — VVDN Technologies, Flextronics and Bhagwati (Micromax) – are on track to meet targets for the first year. Dixon, which met the target under the previous PLI scheme, is set to open a large facility in Chennai in December and will be missing the targets in its second year. For the majority, FY2026 is expected to be the first year of production, industry executives said.
What's Your Reaction?
