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PLI push for electronics, DA sop for central staff
Mint Mumbai
|March 29, 2025
The government on Friday took another step towards strengthening India's manufacturing base by approving an incentive scheme worth ₹22,919 crore for electronics component production, while also granting a 2% hike in dearness allowance (DA) and dearness relief (DR) for central government employees and pensioners.
The twin measures, along with the clearance of a major infrastructure project in Bihar, signal the government's continued focus on boosting industrial growth and public welfare. The electronics component manufacturing scheme is aimed at reducing India's reliance on imports and enhancing the country's competitiveness in global supply chains.
Union electronics and IT minister Ashwini Vaishnaw stated that India is pushing to increase its share in global electronics exports.
This story is from the March 29, 2025 edition of Mint Mumbai.
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