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HomeIndiaGovernment approves 32 companies for Electronics Manufacturing Scheme

Government approves 32 companies for Electronics Manufacturing Scheme

Investments totaling Rs 11,324 crore expected under the scheme.

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New Delhi: The government has notified the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing. Under this scheme, 32 companies have been approved with a total investment of Rs 11,324 crore. The project is expected to produce goods worth Rs 10,70,000 crore, a PIB press release stated.

Under the PLI Scheme for IT Hardware, 14 companies have been approved with a total investment of Rs 2,517 crore and a production target of Rs 1,60,751 crore.

The government has not changed the production or investment criteria under the PLI Scheme for Large Scale Electronics Manufacturing, PLI Scheme for IT Hardware, and PLI 2.0 for IT Hardware after the selection of the companies under the scheme.

The tenure of the PLI Scheme for Large Scale Electronics Manufacturing has been extended by one year, from 2024-25 to 2025-26. The notification issued by the government in this regard is dated 23.09.2021. The participating companies will now have the option to choose a period of five years till 2025-26 for meeting their production targets under the Scheme.

As per data, the cumulative investment made by the companies under the PLI Scheme for Large Scale Electronics Manufacturing is Rs 8,069 crore against the committed investment of Rs 9,653 crore. The cumulative investment made by the companies under the PLI Scheme for IT Hardware 2.0 is Rs 249.46 crore against the committed investment of Rs 56 crore.

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