SME Tracker: Electronics MSMEs to get boost from PLI, domestic demand

PLI scheme to boost electronics MSMEs, with domestic demand and production-linked incentives driving growth. India's electronics consumption is projected to grow significantly, driving a substantial boost for Micro, Small, and Medium Enterprises (MSMEs) in the electronics sector. The Production Linked Incentive (PLI) scheme, coupled with the recently approved Electronics Component Manufacturing Scheme, is expected to encourage domestic manufacturing of mobile phones, white goods, and IT hardware. This robust growth, fueled by government initiatives and increasing consumer and industrial demand, positions electronics MSMEs for substantial revenue growth in the coming fiscal year, promoting self-reliance in the electronics supply chain.