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Electronics Gear Makers Get ₹23,000 Cr PLI Boost
Business Standard
|March 29, 2025
Cabinet okays scheme that will offer incentives to firms based on 3 scenarios
The Union Cabinet on Friday approved a ₹22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards, lithium-ion cells for digital applications, among others. The government expects production of ₹4.56 trillion with an investment of ₹59,350 crore over the tenure of the scheme.
The government will also provide incentives for the domestic manufacturing of other bare components, such as resistors, capacitors, inductors, transformers, fuses, resistor networks, thermistors, and potentiometers, used in the production of battery packs, mobile phones, laptops, tablets, and other handheld devices.
The scheme is likely to generate 91,600 direct jobs, Union Electronics and Information Technology Minister Ashwini Vaishnaw said.
This story is from the March 29, 2025 edition of Business Standard.
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