Centre To Launch INR 23K Cr PLI Scheme For Electronics Components

This article discusses the Indian government's plan to launch a INR 23,000 Cr Production Linked Incentive (PLI) scheme for electronics components. The scheme aims to boost local value addition in electronics manufacturing, particularly in the smartphone sector, where India has already established itself as a prominent manufacturing hub. The PLI scheme will target components like display modules, camera modules, and PCB assemblies. It is projected to generate 91,600 direct jobs over six years, with annual incentive payouts ranging from INR 2,300 Cr to INR 4,200 Cr, contingent on companies meeting investment, production, and employment goals. The scheme will offer three types of incentives based on operational expenses, capital expenses, or a combination of both. The government aims to increase domestic value addition in phone manufacturing from the current 15-20% to 30-40% through this initiative.