Apple manufacturer  Wistron  biggest investor under PLI

Wistron InfoComm, the Indian unit of one of the world’s largest iPhone contract makers, emerged as the single biggest investor under the government’s production-linked incentives (PLI) scheme for large-scale electronics manufacturing, bringing in ₹1,250 crore.

Wistron was followed by the local units of Samsung and Foxconn, investing ₹900 crore and ₹650 crore, respectively.

In all, the scheme managed to attract a total of ₹4,200 crore in investments, an official aware of the matter said on condition of anonymity. The government launched the scheme in March 2020 to encourage manufacturing and create jobs.

“The government has enabled a procedure to give visas to foreign nationals involved in Indian companies under the scheme to boost investment. Moreover, a monitoring group has been set up to expedite the resolution of issues faced by the industry," the official cited above said on the condition of anonymity.

The scheme, which targets production worth ₹10 trillion and jobs totalling 180,000 jobs, has produced electronic items worth about ₹1.67 trillion and nearly 29,000 jobs, according to data from the ministry of electronics and IT.

Queries sent to the investors, as well as the ministries of commerce and electronics, remained unanswered till press time.

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