Dixon Technologies (india) Ltd.NSE: DIXON

Indian electronics products makers rise on government nod to PLI scheme

· Issued by Dixon Technologies (india) Ltd.

** Dixon Technologies NSE:DIXON, Kaynes Technology NSE:KAYNES and Amber Enterprises NSE:AMBER rise 7.5%, 5% and 5.8%, respectively

** Indian government approves production-linked incentive (PLI) scheme for electronics components, with a 229 bln-rupee ($2.66 bln) outlay

** Scheme offers turnover-linked, capex-linked and hybrid incentives

** JM Financial says DIXO, KAYN, AMBE likely to benefit from scheme

** YTD, DIXO, KAYN, AMBE down ~26%, ~35% and ~16%, respectively

($1 = 86.0200 Indian rupees)

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