News: Dixon's wholly owned subsidiary, Padget Electronics has become the first company to receive approval for disbursement of PLI incentive from Government of India.
View: Padget Electronics was one of the 16 companies that had received approval for disbursement of mobile PLI incentive from Government of India. As per the PLI guidance, the company has achieved incremental capex and sales target of Rs 50 crore and Rs 1000 crore, respectively to claim the incentive of Rs 53 crore for the second year of operation. For FY23, the company has guided for 2.7x YoY jump in mobile dispatches aided by new customer additions and wallet share gains.
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