PLI Scheme to benefit auto ancillary cos with decent balancesheets, says Dimension Corporate Fin's Ajay Srivastava

The production-linked incentive (PLI) scheme will benefit auto ancillary companies with decent balance sheets, said Dimension Corporate’s Ajay Srivastava on Thursday, while stressing that, one needs to check fineprint of the PLI scheme before taking a bolder call on various companies. On markets, Srivastava believes that the uptrend will continue owing to surplus liquidity in the system.

“Let us look at the fine print of the PLI because that is not out so far,” said Srivastava, CEO, Dimensions Corporate Finance Services in an interview with CNBC-TV18.

“We don’t know what are the qualifying conditions, under what conditions the reimbursement will come and how practical is the reimbursement. Let us wait to see how do they get this money and what is the timeline between the time that they file the claim and they get the money,” he added.