₹23K cr electronics PLI scheme set to be rolled out in 3 weeks

The government on Tuesday notified the ₹22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others.

- AASHISH ARYAN

The government on Tuesday notified the ₹22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.

After that, the Ministry of Electronics and Information Technology will start accepting applications from companies willing to manufacture in India under the plan, said Union Electronics and Information Technology Minister Ashwini Vaishnaw.

The operational guidelines of the scheme will be operationalised within the next couple of weeks after consultation with the industry players, Vaishnaw said.

With the introduction of a scheme to promote electronics component manufacturing, the government will hope to complete the trifecta of semiconductor manufacturing, semiconductor component manufacturing and finished products such as mobile phones, laptops, hardware, and other information technology products.