Govt nod to ₹22,919-crore PLI for electronics parts

THE NEXT GOAL is to double this within five years by strengthening both passive and active component production.

- 

While active components will be covered under the semiconductor mission, the electronics component scheme will drive passive component manufacturing," Vaishnaw said.

He also outlined the government's ambition to double the country's electronics exports within the next three-and-a-half to four years, from the current ₹2.5 lakh crore. A portion of the incentive payouts will be directly linked to employment targets, ensuring that job creation remains a key outcome of the initiative.