One of the integral components of the economic stimulus packages announced by the Indian government since April 2020 is the Production-Linked Incentive (PLI) scheme meant to increase India’s self-reliance in key manufacturing sectors. To eligible companies, the scheme offers an incentive of 4% to 6% on their incremental sales of goods manufactured in India (over 2019-20), for a period of five years. The first tranche of the PLI scheme was announced on April 1 for mobile phones and certain electronic…