PLI policy not startup-friendly, needs correction: Ather CEO
Ather Energy CEO Tarun Mehta criticised the government’s flagship Production Linked Incentive (PLI) scheme and said, "I think we should really revisit if the definitions were ever startup-friendly to begin with." Mehta said the policy effectively shuts out startups like Ather from applying. "Why can an existing startup not apply for PLI…Policies like this need a correction," he further said.